Currently, there are 902.77M common shares owned by the public and among those 894.25M shares have been available to trade.
Insiders at the company have transacted a total of 7 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 151 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 97,209 shares.
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However, the script later moved the day high at 47.34, up 3.40%. The company’s stock has a 5-day price change of 5.41% and 0.34% over the past three months. STM shares are trading -5.90% year to date (YTD), with the 12-month market performance down to -3.68% lower. It has a 12-month low price of $37.21 and touched a high of $55.85 over the same period. STM has an average intraday trading volume of 3.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.92%, 2.79%, and 2.62% respectively.
Institutional ownership of ST Microelectronics (NYSE: STM) shares accounts for 5.16% of the company’s 902.77M shares outstanding.
It has a market capitalization of $42.18B and a beta (3y monthly) value of 1.70. The stock’s trailing 12-month PE ratio is 10.58, while the earnings-per-share (ttm) stands at $4.46. The company has a PEG of 2.12 and a Quick Ratio of 2.44 with the debt-to-equity ratio at 0.19. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.95% over the week and 1.68% over the month.
Analysts forecast that ST Microelectronics (STM) will achieve an EPS of $0.58 for the current quarter, $0.65 for the next quarter and $3.72 for 2025. The lowest estimate earnings-per-share for the quarter is $0.52 while analysts give the company a high EPS estimate of $0.65. Comparatively, EPS for the current quarter was $1.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -27.43%, and 24.73% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 25.53% over the past 5-year period.
Craig Hallum coverage for the ST Microelectronics (STM) stock in a research note released on January 25, 2024 offered a Buy rating with a price target of $48. Robert W. Baird on their part issued Neutral rating on October 31, 2023.
