STMicroelectronics NV (STM): Today's Featured Electronics Loser
The
industry closed the day up 0.4%.
(
),
(
),
(
), and
(
) were all decliners today within the electronics industry with
(
) being today's featured electronics loser. STMicroelectronics fell 15 cents (-2%) to $7.34 on light volume. Throughout the day, 1.4 million shares of STMicroelectronics exchanged hands as compared to its average daily volume of 3.5 million shares.
STMicroelectronics N.V., an independent semiconductor company, engages in the design, development, manufacture, and marketing of a range of semiconductor integrated circuits and discrete devices. STMicroelectronics has a market cap of $6.1 billion and is part of the
sector. The company has a P/E ratio of 6.4, above the average electronics industry P/E ratio of 6.2 and below the S&P 500 P/E ratio of 17.7. Shares are down 28.2% year to date as of the close of trading on Thursday.
TheStreet Ratings rates STMicroelectronics as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.
- You can view the full STMicroelectronics Ratings Report.
On the positive front,
(
),
(
),
(
), and
(
) were all gainers within the electronics industry with
(
) being today's featured electronics industry winner.
- Use our electronics section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider
iShares Dow Jones US Technology
(
) while those bearish on the electronics industry could consider
ProShares Ultra Short Semiconductor
(
).
- Find other investment ideas from our top rated ETFs lists.
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