ST Microelectronics (NYSE:STM) has a beta value of 1.57 and has seen 8.78 million shares traded in the last trading session. The company, currently valued at $26.73B, closed the last trade at $30.17 per share which meant it gained $1.07 on the day or 3.68% during that session. The STM stock price is -43.59% off its 52-week high price of $43.32 and 42.82% above the 52-week low of $17.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.59 million shares traded. The 3-month trading volume is 7.69 million shares.
The consensus among analysts is that ST Microelectronics (STM) is Buy stock at the moment, with a recommendation rating of 2.28. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
ST Microelectronics (NYSE:STM) trade information
Sporting 3.68% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the STM stock price touched $30.17 or saw a rise of 0.1%. Year-to-date, ST Microelectronics shares have moved -25.84%, while the 5-day performance has seen it change 1.72%. Over the past 30 days, the shares of ST Microelectronics (NYSE:STM) have changed 19.82%. Short interest in the company has seen 17.05 million shares shorted with days to cover at 2.86.
Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could drop -7.75% from current levels. The projected low price target is $28.0 while the price target rests at a high of $28.0. In that case, then, we find that the current price level is 7.19% off the targeted high while a plunge would see the stock lose 7.19% from current levels.
ST Microelectronics (STM) estimates and forecasts
The company’s shares have gained 20.92% over the past 6 months.
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 7.51% over the past 5 years. Earnings growth for 2025 is a modest -58.43% while over the next 5 years, the company’s earnings are expected to increase by 10.73%.
STM Dividends
ST Microelectronics is expected to release its next earnings report on 2025-Apr-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.36 at a share yield of 1.19%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 0.69%.
ST Microelectronics (NYSE:STM)’s Major holders
Investors are also buoyed by the number of investors in a company, with ST Microelectronics having a total of 381.0 institutions that hold shares in the company. The top two institutional holders are VAN ECK ASSOCIATES CORP with over 6.48 million shares worth more than $254.39 million. As of 2024-06-30, VAN ECK ASSOCIATES CORP held 0.7189% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 5.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $219.81 million and represent 0.6212% of shares outstanding.
