Capital Analysts LLC boosted its position in STMicroelectronics NV (NYSE:STM) by 31,310.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 65,961 shares of the semiconductor producer’s stock after purchasing an additional 65,751 shares during the quarter. STMicroelectronics makes up approximately 0.9% of Capital Analysts LLC’s investment portfolio, making the stock its 17th largest holding. Capital Analysts LLC’s holdings in STMicroelectronics were worth $7,204,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in STMicroelectronics by 22.6% in the second quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after purchasing an additional 1,765 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in 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 purchasing an additional 2,392 shares in the last quarter. Cetera Advisors LLC raised its holdings in STMicroelectronics by 4.8% in the fourth quarter. Cetera Advisors LLC now owns 56,061 shares of the semiconductor producer’s stock worth $1,223,000 after purchasing an additional 2,577 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in STMicroelectronics by 15.6% in the third quarter. Eagle Asset Management Inc. now owns 24,055 shares of the semiconductor producer’s stock worth $477,000 after purchasing an additional 3,238 shares in the last quarter. Finally, IFC Holdings Incorporated FL raised its holdings in STMicroelectronics by 2.9% in the third quarter. IFC Holdings Incorporated FL now owns 121,956 shares of the semiconductor producer’s stock worth $2,375,000 after purchasing an additional 3,382 shares in the last quarter. Institutional investors and hedge funds own 4.98% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Kepler Capital Markets upgraded shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a report on Friday, January 26th. Zacks Investment Research downgraded shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Societe Generale assumed coverage on shares of STMicroelectronics in a report on Wednesday, January 17th. They set a “buy” rating on the stock. ValuEngine downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Craig Hallum upped their price objective on shares of STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Three investment 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 stock. The company presently has a consensus rating of “Buy” and a consensus target price of $23.85.
STMicroelectronics NV (NYSE:STM) opened at $22.91 on Thursday. STMicroelectronics NV has a fifty-two week low of $14.07 and a fifty-two 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. The stock has a market cap of $21,040.00, a PE ratio of 26.03, a PEG ratio of 3.40 and a beta of 0.71.
STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. sell-side analysts forecast that STMicroelectronics NV will post 1.32 EPS for the current year.
The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. STMicroelectronics’s dividend payout ratio is currently 22.73%.
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STMicroelectronics Company Profile
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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