ST Microelectronics (NYSE: STM) is -21.82% lower on its value in year-to-date trading and has touched a low of $17.25 and a high of $43.32 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 $32.29 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $31.56, the stock is 5.37% and 17.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.04 million and changing -2.26% at the moment leaves the stock 23.17% off its SMA200. STM registered 26.39% gain for a year compared to 6-month gain of 26.39%. The firm has a 50-day simple moving average (SMA 50) of $26.8106 and a 200-day simple moving average (SMA200) of $25.6224.
The stock witnessed a 11.09% loss in the last 1 month and extending the period to 3 months gives it a 61.60%, and is 4.85% up 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 1.88% over the week and 2.13% over the month.
ST Microelectronics (STM) has around 49602 employees, a market worth around $27.96B and $12.30B in sales. Current P/E ratio is 26.95 and Fwd P/E is 20.05. Profit margin for the company is 8.93%. Distance from 52-week low is 82.96% and -27.15% from its 52-week high. The company has generated returns on investments over the last 12 months (5.60%).
The EPS is expected to shrink by -57.49% this year.
ST Microelectronics (STM) Top Institutional Holders
376.0 institutions hold shares in ST Microelectronics (STM), with institutional investors hold 11.01% of the company’s shares. The shares outstanding are 894.41M, and float is at 885.90M with Short Float at 1.15%. Institutions hold 11.01% 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.
