SG Americas Securities LLC boosted its position in STMicroelectronics NV (NYSE:STM) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,844 shares of the semiconductor producer’s stock after buying an additional 15,606 shares during the quarter. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $2,115,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of STM. Wells Fargo & Company MN raised its stake in shares of STMicroelectronics by 106.2% in the 2nd quarter. Wells Fargo & Company MN now owns 274,987 shares of the semiconductor producer’s stock valued at $3,955,000 after purchasing an additional 141,618 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of STMicroelectronics by 14.1% in the second quarter. Ameriprise Financial Inc. now owns 373,054 shares of the semiconductor producer’s stock valued at $5,366,000 after acquiring an additional 46,170 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of STMicroelectronics by 22.6% in the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock valued at $138,000 after acquiring an additional 1,765 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of STMicroelectronics by 8.3% in the second quarter. New York State Common Retirement Fund now owns 332,547 shares of the semiconductor producer’s stock valued at $4,782,000 after acquiring an additional 25,421 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of STMicroelectronics by 2.3% in the second quarter. Northern Trust Corp now owns 364,676 shares of the semiconductor producer’s stock valued at $5,244,000 after acquiring an additional 8,347 shares in the last quarter. Hedge funds and other institutional investors own 5.06% of the company’s stock.
Several research analysts have recently issued reports on the stock. Vetr cut shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price objective for the company. in a report on Friday, January 19th. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research note on Tuesday, October 31st. Kepler Capital Markets raised shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a research note on Friday, January 26th. Societe Generale began coverage on shares of STMicroelectronics in a research note on Wednesday, January 17th. They set a “buy” rating for the company. Finally, ValuEngine downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. STMicroelectronics currently has an average rating of “Buy” and an average target price of $23.85.
STMicroelectronics NV (NYSE STM) traded up $0.08 during trading hours on Tuesday, reaching $21.59. 1,837,360 shares of the company were exchanged, compared to its average volume of 4,479,967. The company has a quick ratio of 1.86, a current ratio of 2.52 and a debt-to-equity ratio of 0.29. STMicroelectronics NV has a 1-year low of $13.67 and a 1-year high of $25.30. The firm has a market cap of $19,360.00, a price-to-earnings ratio of 24.43, a PEG ratio of 3.23 and a beta of 0.71.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the firm earned $0.13 EPS. The business’s revenue was up 32.7% on a year-over-year basis. equities analysts anticipate that STMicroelectronics NV will post 1.32 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Monday, March 19th. STMicroelectronics’s payout ratio is 22.73%.
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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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