ST Microelectronics (NYSE: STM) is -2.60% lower on its value in year-to-date trading and has touched a low of $21.36 and a high of $45.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The STM stock was last observed hovering at around $24.01 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $24.32, the stock is -2.91% and -1.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.42 million and changing 1.29% at the moment leaves the stock -17.48% off its SMA200. STM registered -45.14% loss for a year compared to 6-month loss of -16.11%. The firm has a 50-day simple moving average (SMA 50) of $24.6676 and a 200-day simple moving average (SMA200) of $29.47035.
The stock witnessed a -11.85% gain in the last 1 month and extending the period to 3 months gives it a -2.53%, and is -4.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 3.16% over the month.
ST Microelectronics (STM) has around 49602 employees, a market worth around $21.64B and $13.27B in sales. Current P/E ratio is 14.67 and Fwd P/E is 14.13. Profit margin for the company is 11.74%. Distance from 52-week low is 13.86% and -46.42% from its 52-week high. The company has generated returns on investments over the last 12 months (7.96%).
with sales reaching $2.55B over the same period.The EPS is expected to shrink by -51.43% this year, but quarterly earnings will post -11.51% year-over-year. Quarterly sales are estimated to shrink -26.38% in year-over-year returns.
ST Microelectronics (STM) Top Institutional Holders
394.0 institutions hold shares in ST Microelectronics (STM), with institutional investors hold 9.15% of the company’s shares. The shares outstanding are 898.18M, and float is at 889.66M with Short Float at 1.61%. Institutions hold 9.15% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 6.48 million shares valued at $254.39 million. The investor’s holdings represent 0.7189% of the STM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.6 million shares valued at $$219.81 million to account for 0.6212 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 4.14 million shares representing 0.4599% and valued at over $162.74 million, while CAPITAL INTERNATIONAL INVESTORS holds 0.3503 of the shares totaling 3.16 million with a market value of $123.03 million.
ST Microelectronics (STM) Insider Activity
#####
