Capital Research & Management Co has recently announced that it has increased stake in ST Microelectronics (NYSE:STM) by 2.54%. After grabbing 2.89 million shares, the institutional investor is now in possession of 71554.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.32% having worth around $136.91 million. Moreover, BlackRock Fund Advisors increased its share by 42420.0 to have a control over 2.73 million shares. And Neuberger Berman Investment Advis raised its holdings to 1.08 million shares by acquiring 2.34 million shares or 0.26% of the stake.
ST Microelectronics (STM) concluded trading on 01/10/24 at a closing price of $44.39, with 3.29 million shares of worth about $146.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.07% during that period and on Wednesday the price saw a loss of about -0.63%. Currently the company’s common shares owned by public are about 903.98M shares, out of which, 903.98M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 26 analysts are covering the STM stock and their offered price forecasts bring an average price target of $57.56. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $87.96 and could fall to a lowest price of $35.00. The stock’s current price level is 20.87% above of average price target set by the analysts, while a rise to estimated low would result in loss of -26.83% for the stock. However, touching the estimated high of $87.96 would mean a gain of 49.53% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 7 times over the past 12 months. They bought 151 shares in 4 of the transactions. In 3 selling transactions, insiders dumped 97,209 shares.
VanEck Semiconductor ETF, iShares Semiconductor ETF, and Direxion Daily Semiconductor Bull are the top 3 mutual funds which are holding stakes in ST Microelectronics VanEck Semiconductor ETF is currently holding 2.99 million shares of worth totaling $141.62 million. The company recently came selling 39151.0 shares which brought its stake up to 0.33% of the company’s outstanding shares. Direxion Daily Semiconductor Bull, after selling 1.59 million shares, have now control over 0.18% of the stake in the company. It holds 37050.0 shares of worth $75.58 million.
ST Microelectronics (NYSE: STM) started trading at $44.33, below -$0.34 from concluding price of the previous day. However, the stock later moved at a day high price of 44.53, or with a loss of -0.63%. Stock saw a price change of -5.53% in past 5 days and over the past one month there was a price change of -7.27%. Year-to-date (YTD), STM shares are showing a performance of -11.45% which increased to 12.18% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.21 but also hit the highest price of $55.85 during that period. The average intraday trading volume for ST Microelectronics shares is 3.43 million. The stock is currently trading -8.70% below its 20-day simple moving average (SMA20), while that difference is down -3.00% for SMA50 and it goes to -4.36% lower than SMA200.
Capital Research & Management Co acquired 2.89 million shares of ST Microelectronics having value of about $136.91 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 71554.0 shares in the company valued at close to $3176282.06, or have control over 2.54% stake in the company. ST Microelectronics (NYSE: STM) currently have 903.98M outstanding shares and institutions hold larger chunk of about 6.05% of that. Holding of mutual funds in the company is about 1.50% while other institutional holders and individual stake holders have control over 4.52% and — of the stake respectively.
The stock has a current market capitalization of $40.13B and its 3Y-monthly beta is at 1.72. PE ratio of stock for trailing 12 months is 9.55, while it has posted earnings per share of $4.65 in the same period. Its PEG reads 1.91 and has Quick Ratio of 2.17 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STM, volatility over the week remained 1.94% while standing at 1.73% over the month.
Analysts are in expectations that ST Microelectronics (STM) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $0.89 and it is $3.94 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.91 which is $0.97 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.40% while it is estimated to decrease by -9.13% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 35.69% made by the stock over the past 5-years.
Analysts at 26 brokerage firms have issued recommendations for the ST Microelectronics (STM)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.88. Out of those 26 Wall Street analysts, 13 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
