STMicroelectronics NV (STM) Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in STMicroelectronics NV (NYSE:STM) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,844 shares of the semiconductor producer’s stock after purchasing an additional 15,606 shares during the period. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $2,115,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in STM. Parametric Portfolio Associates LLC grew its stake in STMicroelectronics by 5.5% during the third quarter. Parametric Portfolio Associates LLC now owns 815,187 shares of the semiconductor producer’s stock worth $15,831,000 after buying an additional 42,755 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in STMicroelectronics during the third quarter worth about $197,000. Cetera Advisors LLC grew its stake in STMicroelectronics by 393.4% during the third quarter. Cetera Advisors LLC now owns 53,484 shares of the semiconductor producer’s stock worth $1,041,000 after buying an additional 42,644 shares in the last quarter. Marco Investment Management LLC grew its stake in STMicroelectronics by 57.5% during the third quarter. Marco Investment Management LLC now owns 51,575 shares of the semiconductor producer’s stock worth $1,002,000 after buying an additional 18,825 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of STMicroelectronics by 2.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 88,934 shares of the semiconductor producer’s stock worth $1,727,000 after acquiring an additional 2,392 shares during the last quarter. Hedge funds and other institutional investors own 4.98% of the company’s stock.

Shares of STMicroelectronics NV (STM) opened at $22.83 on Wednesday. The company has a market cap of $20,870.00, a P/E ratio of 25.95, a PEG ratio of 3.40 and a beta of 0.71. STMicroelectronics NV has a 52-week low of $14.07 and a 52-week high of $25.30. The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 0.29.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. STMicroelectronics had a net margin of 9.62% and a return on equity of 17.55%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $0.13 EPS. The company’s quarterly revenue was up 32.7% on a year-over-year basis. research analysts expect that STMicroelectronics NV will post 1.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Investors of record on Tuesday, March 20th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.05%. The ex-dividend date is Monday, March 19th. STMicroelectronics’s payout ratio is currently 22.73%.

A number of research analysts have recently commented on the stock. Vetr cut shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 target price for the company. in a report on Friday, January 19th. Societe Generale started coverage on shares of STMicroelectronics in a report on Wednesday, January 17th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. ValuEngine upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Credit Suisse Group upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Thursday, January 11th. 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 has a consensus rating of “Buy” and a consensus price target of $23.85.

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About STMicroelectronics

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.

Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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