Jim Cramer on STMicroelectronics: “We’re Late”

STMicroelectronics N.V. (NYSE:STM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say in response:

We’re late, we’re late, we’re late. 51 times earnings does not make it for me, even if it’s a good company.

Stock market data. Photo by Burak The Weekender on Pexels

STMicroelectronics N.V. (NYSE:STM) is a semiconductor manufacturer that designs and produces electronic components, including sensors, power management solutions, and microcontrollers. Cramer was bullish on the stock when a caller inquired about it during the January 16 episode. He commented:

It’s cheap. It’s good. Now, people say it’s cheap. What do you mean?…  like 40 times earnings versus the others with growth? It’s actually okay. I would be a buyer of STMicro.

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