STMicroelectronics (NYSE:STM) Reaches New 52-Week Low - Time to Sell?

Shares of STMicroelectronics (NYSE:STM - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $24.33 and last traded at $24.56, with a volume of 489579 shares trading hands. The stock had previously closed at $24.95.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STM. Morgan Stanley downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Monday, November 4th. TD Cowen cut their price objective on STMicroelectronics from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, July 26th. Citigroup upgraded STMicroelectronics to a "strong-buy" rating in a report on Thursday, October 10th. StockNews.com cut shares of STMicroelectronics from a "buy" rating to a "hold" rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein reduced their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.63.

STMicroelectronics Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The stock's 50-day moving average price is $27.68 and its two-hundred day moving average price is $34.13. The stock has a market capitalization of $22.17 billion, a PE ratio of 10.10, a P/E/G ratio of 3.07 and a beta of 1.57.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The business had revenue of $3.25 billion for the quarter, compared to analysts' expectations of $3.27 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business's revenue was down 26.6% compared to the same quarter last year. As a group, analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

Institutional Investors Weigh In On STMicroelectronics

Several hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position in shares of STMicroelectronics by 26.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock worth $228,655,000 after purchasing an additional 1,719,257 shares during the last quarter. Capital International Investors lifted its stake in shares of STMicroelectronics by 2.4% in the first quarter. Capital International Investors now owns 3,132,920 shares of the semiconductor producer's stock worth $135,467,000 after buying an additional 74,519 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer's stock valued at $90,806,000 after buying an additional 1,478,213 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of STMicroelectronics by 0.5% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,564,232 shares of the semiconductor producer's stock valued at $61,443,000 after buying an additional 7,732 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock valued at $41,524,000 after acquiring an additional 1,216,300 shares in the last quarter. 5.05% of the stock is owned by 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.