AMP Capital Investors Ltd reduced its position in shares of STMicroelectronics NV (NYSE:STM) by 35.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,267 shares of the semiconductor producer’s stock after selling 41,500 shares during the quarter. AMP Capital Investors Ltd’s holdings in STMicroelectronics were worth $1,462,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its position in shares of STMicroelectronics by 5.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock valued at $127,000 after buying an additional 433 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of STMicroelectronics by 22.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock valued at $138,000 after buying an additional 1,765 shares in the last quarter. Thompson Davis & CO. Inc. lifted its holdings in STMicroelectronics by 225.2% in the 3rd quarter. Thompson Davis & CO. Inc. now owns 8,000 shares of the semiconductor producer’s stock worth $155,000 after purchasing an additional 5,540 shares in the last quarter. Cetera Investment Advisers purchased a new position in STMicroelectronics in the 2nd quarter worth approximately $156,000. Finally, Stevens Capital Management LP purchased a new position in STMicroelectronics in the 2nd quarter worth approximately $163,000. Institutional investors and hedge funds own 5.09% of the company’s stock.
Shares of STMicroelectronics NV (NYSE STM) traded up $0.53 during mid-day trading on Thursday, hitting $24.02. The company’s stock had a trading volume of 3,290,000 shares, compared to its average volume of 3,270,000. STMicroelectronics NV has a twelve month low of $11.28 and a twelve month high of $24.80. The stock has a market cap of $21,760.00, a PE ratio of 36.39, a price-to-earnings-growth ratio of 3.69 and a beta of 0.79. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33.
STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. analysts forecast that STMicroelectronics NV will post 0.92 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, December 18th. STMicroelectronics’s dividend payout ratio (DPR) is currently 30.30%.
Several analysts have recently issued reports on the company. Craig Hallum reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Wednesday, September 13th. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, October 31st. ValuEngine downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Credit Suisse Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $21.88.
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STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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