STMicroelectronics (NYSE:STM) Hits New 52-Week Low - Here's Why

STMicroelectronics (NYSE:STM - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $17.55 and last traded at $18.47, with a volume of 9029170 shares trading hands. The stock had previously closed at $18.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STM shares. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their target price for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Susquehanna reduced their target price on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Finally, Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $31.26.

STMicroelectronics Stock Performance

The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The company's 50-day moving average is $23.53 and its two-hundred day moving average is $25.23. The stock has a market capitalization of $18.40 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Clear Creek Financial Management LLC bought a new position in STMicroelectronics in the 4th quarter valued at about $468,000. Callan Family Office LLC bought a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $486,000. Raymond James Financial Inc. acquired a new position in shares of STMicroelectronics during the fourth quarter valued at approximately $1,738,000. Schechter Investment Advisors LLC acquired a new position in shares of STMicroelectronics during the fourth quarter valued at approximately $758,000. Finally, Diversified Trust Co acquired a new stake in STMicroelectronics in the fourth quarter worth approximately $583,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Company Profile

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.