STMicroelectronics Plunges 51% YTD: Time to Hold or Fold the Stock?

STMicroelectronics (STM) shares have plunged 51.2% on a year-to-date (YTD) basis against the Zacks  Semiconductor-General industry and the Zacks Computer & Technology sector’s return of 132.2% and 27.4%, respectively.Over the same time frame, shares of its competitors, including NVIDIA (NVDA) , Amtech Systems (ASYS) , and Texas Instruments (TXN) , have climbed 186.6%, 36.9% and 16.1%, respectively.This underperformance can be attributed to the deterioration in customer backlogs and order entry during the th ...