STMicroelectronics (NYSE:STM) Sets New 52-Week Low - Should You Sell?

STMicroelectronics (NYSE:STM - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $22.70 and last traded at $22.63, with a volume of 310892 shares. The stock had previously closed at $24.74.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating and reduced their price target for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Robert W. Baird dropped their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Barclays downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Finally, Susquehanna dropped their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $33.40.

STMicroelectronics Stock Down 0.5 %

The business has a 50 day moving average of $25.29 and a two-hundred day moving average of $27.95. The stock has a market capitalization of $20.24 billion, a PE ratio of 9.22, a PEG ratio of 4.36 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. Analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.61%. STMicroelectronics's dividend payout ratio (DPR) is 12.76%.

Institutional Investors Weigh In On STMicroelectronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STM. Truvestments Capital LLC acquired a new stake in STMicroelectronics during the 3rd quarter worth about $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics during the third quarter valued at $30,000. GAMMA Investing LLC grew its position in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of STMicroelectronics in the 4th quarter valued at about $31,000. Finally, Waldron Private Wealth LLC purchased a new position in shares of STMicroelectronics in the 3rd quarter valued at about $34,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.