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Friday, May 4, 2012

Potentially Oversold Level Reached (NYSE: STM)

Shares of STM fell by 2.30% or $-0.13/share to $5.51. NYSE is trading at a price to book ratio of 0.66. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.18 suggesting that the shares are attractively priced relative to the firm's growth rate. The price to sales ratio came in at 0.54. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 2356320 shares of STM exchange hands on a given day and today's volume is recorded at 955765. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

STMicroelectronics N.V. is an independent semiconductor company that designs, develops, manufactures and markets a range of semiconductor products used in a variety of microelectronic applications, including automotive products, computer peripherals, telecommunications systems, consumer products, industrial automation and control systems.