ST Microelectronics (NYSE:STM)’s traded shares stood at 4.78 million during the last session, with the company’s beta value hitting 1.57. At the close of trading, the stock’s price was $28.22, to imply an increase of 0.21% or $0.06 in intraday trading. The STM share’s 52-week high remains $51.27, putting it -81.68% down since that peak but still an impressive 5.67% since price per share fell to its 52-week low of $26.62. The company has a valuation of $25.25B, with an average of 4.42 million shares in intraday trading volume over the past 10 days and average of 4.76 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ST Microelectronics (STM), translating to a mean rating of 1.82. Of 6 analyst(s) looking at the stock, 0 analyst(s) give STM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.33.
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ST Microelectronics (NYSE:STM) trade information
After registering a 0.21% upside in the last session, ST Microelectronics (STM) has traded red over the past five days. The 5-day price performance for the stock is 0.82%, and -4.27% over 30 days. With these gigs, the year-to-date price performance is -43.71%. Short interest in ST Microelectronics (NYSE:STM) saw shorts transact 7.34 million shares and set a 1.4 days time to cover.
The extremes give us $35 and $65 for target low and target high price respectively. As such, STM has been trading -130.33% off suggested target high and -24.03% from its likely low.
ST Microelectronics (STM) estimates and forecasts
Looking at statistics comparing ST Microelectronics share performance against respective industry, we note that the company has underperformed competitors. ST Microelectronics (STM) shares are -31.72% down over the last 6 months, with its year-to-date growth rate lower than industry average at -63.45% against -22.30%. Revenue is forecast to shrink -71.60% this quarter before falling -63.20% for the next one. The rating firms project that company’s revenue will shrink -22.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 3.25B. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 3.43B.Earnings reports from the last fiscal year show that sales brought in 4.43B and 4.28B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -26.70% before dropping -20.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 25.53% for the past 5-year period. While 2024 is set for a -63.55% return in earnings, projections for the next 5 years are at 20.00% annually.
STM Dividends
ST Microelectronics has its next earnings report out on 2024-Oct-31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. ST Microelectronics has a forward dividend ratio of 0.30, with the share yield ticking at 1.06% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.63%.
ST Microelectronics (NYSE:STM)’s Major holders
In total, 7.25% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 6.48 million shares (or 0.7189% of shares), all amounting to roughly $254.39 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 5.6 million shares, or about 0.6212% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $219.81 million.
We also have VanEck ETF Trust-VanEck Semiconductor ETF and iShares Semiconductor ETF as the top two Mutual Funds with the largest holdings of the ST Microelectronics (STM) shares. Going by data provided on Sep 30, 2024 , VanEck ETF Trust-VanEck Semiconductor ETF holds roughly 7.3 shares. This is just over 0.80% of the total shares, with a market valuation of $206.11 million. Data from the same date shows that the other fund manager holds a little less at 3.97, or 0.44% of the shares, all valued at about 112.13 million.
