STMicroelectronics N.V. [STM] is 20.94% higher this YTD. Is it still time to buy?

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STMicroelectronics N.V. [NYSE: STM] traded at a low on 09/20/23, posting a -0.74 loss after which it closed the day’ session at $43.02. The company report on September 19, 2023 at 4:30 PM that STMicroelectronics: Statement from the Supervisory Board of STMicroelectronics.

Statement from the Supervisory Board of STMicroelectronics.

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Amsterdam, September 19, 2023 – Nicolas Dufourcq, Chairman of the Supervisory Board of STMicroelectronics N.V. (NYSE: STM), and Maurizio Tamagnini, Vice-Chairman, have asked Jean-Marc Chery, ST’s President and CEO, to be available for a reappointment in his current role. Mr. Chery has accepted the proposal.

The results of the trading session contributed to over 2681194 shares changing hands. Over the past one week, the price volatility of STMicroelectronics N.V. stands at 1.77% while the volatility over the past one month is 2.00%.

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The market cap for STM stock reached $40.12 billion, with 944.50 million shares outstanding and 659.17 million shares in the current float. Compared to the average trading volume of 3.02M shares, STM reached a trading volume of 2681194 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 $59.00 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 2.40. 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.

Jefferies have made an estimate for STMicroelectronics N.V. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 12, 2023.

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The Average True Range (ATR) for STMicroelectronics N.V. is set at 1.01, with the Price to Sales ratio for STM stock in the period of the last 12 months amounting to 2.32. The Price to Book ratio for the last quarter was 2.80, with the Price to Cash per share for the same quarter was set at 4.89. Price to Free Cash Flow for STM in the course of the last twelve months was 22.40 with Quick ratio for the last quarter at 1.90.

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 -2.89. With this latest performance, STM shares dropped by -8.21% in over the last four-week period, additionally sinking by -13.46% over the last 6 months – not to mention a rise of 19.10% 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 30.91, with the RSI for the last a single of trading hit 26.24, and the three-weeks RSI is set at 35.05 for STMicroelectronics N.V. [STM]. The present Moving Average for the last 50 days of trading for this stock 48.33, while it was recorded at 43.64 for the last single week of trading, and 46.11 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 +27.10 and a Gross Margin at +48.14. STMicroelectronics N.V.’s Net Margin is presently recorded at +24.55.

Return on Total Capital for STM is now 32.95, given the latest momentum, and Return on Invested Capital for the company is 30.46. Return on Equity for this stock inclined to 37.70, with Return on Assets sitting at 23.27. When it comes to the capital structure of this company, STMicroelectronics N.V. [STM] has a Total Debt to Total Equity ratio set at 22.93. Additionally, STM Total Debt to Total Capital is recorded at 18.65, with Total Debt to Total Assets ending up at 14.56. Long-Term Debt to Equity for the company is recorded at 21.14, with the Long-Term Debt to Total Capital now at 17.20.

Reflecting on the efficiency of the workforce at the company, STMicroelectronics N.V. [STM] managed to generate an average of $73,349 per employee. Receivables Turnover for the company is 7.26 with a Total Asset Turnover recorded at a value of 0.95.STMicroelectronics N.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.70.

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]

The top three institutional holders of STM stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in STM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in STM stock with ownership which is approximately 5.7381%.

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