STMicroelectronics N.V. [STM] Revenue clocked in at $14.14 billion, down -36.95% YTD: What’s Next?

STMicroelectronics N.V. [NYSE: STM] traded at a low on 10/11/22, posting a -4.20 loss after which it closed the day’ session at $30.82. The company report on October 10, 2022 that STMicroelectronics Announces Status of Common Share Repurchase Program.


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STMicroelectronics Announces Status ofCommon Share Repurchase Program.

Disclosure of Transactions in Own Shares – Period from Oct 03, 2022 to Oct 07, 2022.

The results of the trading session contributed to over 5062178 shares changing hands. Over the past one week, the price volatility of STMicroelectronics N.V. stands at 3.26% while the volatility over the past one month is 3.34%.

The market cap for STM stock reached $30.15 billion, with 946.80 million shares outstanding and 656.36 million shares in the current float. Compared to the average trading volume of 3.59M shares, STM reached a trading volume of 5062178 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about STMicroelectronics N.V. [STM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STM shares is $59.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for STMicroelectronics N.V. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on April 12, 2022. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $50 to $62. The new note on the price target was released on January 28, 2022, representing the official price target for STMicroelectronics N.V. stock. Previously, the target price had yet another raise to $50, while Morgan Stanley analysts kept a Overweight rating on STM stock.

The Average True Range (ATR) for STMicroelectronics N.V. is set at 1.41, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 2.13. The Price to Book ratio for the last quarter was 2.87, with the Price to Cash per share for the same quarter was set at 3.52. Price to Free Cash Flow for STM in the course of the last twelve months was 32.67 with Quick ratio for the last quarter at 1.70.

How has STM stock performed recently?

STMicroelectronics N.V. [STM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.62. With this latest performance, STM shares dropped by -17.55% in over the last four-week period, additionally sinking by -18.59% over the last 6 months – not to mention a drop of -24.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STM stock in for the last two-week period is set at 36.41, with the RSI for the last a single of trading hit 33.11, and the three-weeks RSI is set at 38.95 for STMicroelectronics N.V. [STM]. The present Moving Average for the last 50 days of trading for this stock 35.53, while it was recorded at 33.00 for the last single week of trading, and 38.88 for the last 200 days.

STMicroelectronics N.V. [STM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and STMicroelectronics N.V. [STM] shares currently have an operating margin of +16.76 and a Gross Margin at +41.62. STMicroelectronics N.V.’s Net Margin is presently recorded at +15.67.

Return on Total Capital for STM is now 18.26, given the latest momentum, and Return on Invested Capital for the company is 17.95. Return on Equity for this stock inclined to 22.56, with Return on Assets sitting at 13.28. When it comes to the capital structure of this company, STMicroelectronics N.V. [STM] has a Total Debt to Total Equity ratio set at 29.78. Additionally, STM Total Debt to Total Capital is recorded at 22.94, with Total Debt to Total Assets ending up at 17.64. Long-Term Debt to Equity for the company is recorded at 27.63, with the Long-Term Debt to Total Capital now at 21.29.

Reflecting on the efficiency of the workforce at the company, STMicroelectronics N.V. [STM] managed to generate an average of $35,066 per employee. Receivables Turnover for the company is 6.32 with a Total Asset Turnover recorded at a value of 0.85.STMicroelectronics N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.30.

Earnings analysis for STMicroelectronics N.V. [STM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for STMicroelectronics N.V. go to 5.00%.

Insider trade positions for STMicroelectronics N.V. [STM]

There are presently around $1,354 million, or 4.90% of STM stock, in the hands of institutional investors. The top three institutional holders of STM stocks are: VAN ECK ASSOCIATES CORP with ownership of 4,754,458, which is approximately -1.442% of the company’s market cap and around 28.40% of the total institutional ownership; BLACKROCK INC., holding 3,287,825 shares of the stock with an approximate value of $101.33 million in STM stocks shares; and WOODLINE PARTNERS LP, currently with $97.77 million in STM stock with ownership of nearly 282.452% of the company’s market capitalization.

Positions in STMicroelectronics N.V. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 125 institutional holders increased their position in STMicroelectronics N.V. [NYSE:STM] by around 11,004,937 shares. Additionally, 138 investors decreased positions by around 6,445,720 shares, while 63 investors held positions by with 26,483,859 shares. The mentioned changes placed institutional holdings at 43,934,516 shares, according to the latest SEC report filing. STM stock had 36 new institutional investments in for a total of 1,918,187 shares, while 47 institutional investors sold positions of 2,518,579 shares during the same period.

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