In yesterday’s Wall Street session, ST Microelectronics (NYSE:STM) shares traded at $41.88, down -1.55% from the previous session.
STM stock price is now -7.05% away from the 50-day moving average and -8.85% away from the 200-day moving average. The market capitalization of the company currently stands at $37.45B.
On January 25, 2024, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $50 to quote $48, while ‘UBS’ rates the stock as ‘Buy’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, ST Microelectronics has had a low of $37.21 and a high of $55.85. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 3.17, and a quick ratio of 2.44. According to the stock market information, the enterprise value for the company is $35.24B, which is based on a 9.39 price-to-earnings ratio, a 1.88 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for STM is $45.05 and a two-hundred day moving average price translates $45.95 for the stock.
The latest earnings results from ST Microelectronics (NYSE: STM) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $1.14, beating analysts’ expectations of $0.95 by 0.19. This compares to $1.32 EPS in the same period last year. The net profit margin was 24.36% and return on equity was 28.62% for STM. The company reported revenue of $4.28 billion for the quarter, compared to $4.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.21 percent. For the current quarter, analysts expect STM to generate $3.61B in revenue.
ST Microelectronics(STM) 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. The Automotive and Discrete Group segment offers automotive integrated circuits (ICs), and discrete and power transistor products. The Analog, MEMS and Sensors Group segment provides industrial application-specific integrated circuits (ASICs) and application-specific standard products (ASSPs); general purpose analog products; custom analog ICs; wireless charging solutions; galvanic isolated gate drivers; low and high voltage amplifiers, comparators, and current-sense amplifiers; MasterGaN, a solution that integrates a silicon driver and GaN power transistors in a single package; wireline and wireless connectivity ICs; touch screen controllers; micro-electro-mechanical systems (MEMS) products, including sensors or actuators; and optical sensing solutions. The Microcontrollers and Digital ICs Group segment offers general purpose and secure microcontrollers; and radio frequency (RF) products. It also offers application-specific standard products for analog, digital and mixed-signal applications. In addition, the company provides assembly and other services. It sells its products through distributors and retailers, as well as through sales representatives. The company serves automotive, industrial, personal electronics and communications equipment, and computers and peripherals markets. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland.
