ST Microelectronics (NYSE:STM) has a beta value of 1.66 and has seen 1.0 million shares traded in the recent trading session. The company, currently valued at $38.01B, closed the recent trade at $42.51 per share which meant it lost -$0.95 on the day or -2.19% during that session. The STM stock price is -31.38% off its 52-week high price of $55.85 and 12.47% above the 52-week low of $37.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.91 million shares traded. The 3-month trading volume is 3.55 million shares.
ST Microelectronics (NYSE:STM) trade information
Sporting -2.19% in the red today, the stock has traded in the red over the last five days, when the STM stock price touched $42.51 or saw a rise of 2.21%. Year-to-date, ST Microelectronics shares have moved -15.20%, while the 5-day performance has seen it change -0.07%. Over the past 30 days, the shares of ST Microelectronics (NYSE:STM) have changed -10.51%. Short interest in the company has seen 4.72 million shares shorted with days to cover at 1.82.
ST Microelectronics (STM) estimates and forecasts
Figures show that ST Microelectronics shares have underperformed across the wider relevant industry. The company’s shares have lost -4.02% over the past 6 months, with this year growth rate of -32.29%, compared to 2.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -46.40% and -37.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -6.60%.
8 analysts offering their estimates for the company have set an average revenue estimate of $3.61 billion for the current quarter. 7 have an estimated revenue figure of $3.81 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $4.25 billion and $4.33 billion respectively for this quarter and the next, and analysts expect sales will shrink by -14.90% for the current quarter and -12.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 25.53% over the past 5 years. Earnings growth for 2024 is a modest -28.78% while over the next 5 years, the company’s earnings are expected to increase by 5.00%.
STM Dividends
ST Microelectronics is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.24 at a share yield of 0.56%. The company’s dividend yield has gone up over the past 12 months.
ST Microelectronics (NYSE:STM)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 5.44% with a share float percentage of 5.44%. Investors are also buoyed by the number of investors in a company, with ST Microelectronics having a total of 444 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 4.38 million shares worth more than $185.89 million. As of Dec 30, 2023, Blackrock Inc. held 0.48% of shares outstanding.
The other major institutional holder is Van Eck Associates Corporation, with the holding of over 3.74 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $158.5 million and represent 0.41% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VanEck ETF Trust-VanEck Semiconductor ETF and iShares Semiconductor ETF. As of Feb 28, 2024, the former fund manager holds about 0.43% shares in the company for having 3.94 million shares of worth $167.34 million while later fund manager owns 2.94 million shares of worth $124.57 million as of Jan 30, 2024, which makes it owner of about 0.32% of company’s outstanding stock.
