AlphaStar Capital Management LLC purchased a new position in STMicroelectronics NV (NYSE:STM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 17,713 shares of the semiconductor producer’s stock, valued at approximately $387,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in STM. PNC Financial Services Group Inc. lifted its holdings in shares of STMicroelectronics by 22.6% in the 2nd 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 during the last quarter. Northern Trust Corp increased its position in STMicroelectronics by 2.3% in the 2nd 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 during the period. HighTower Advisors LLC acquired a new stake in STMicroelectronics in the 2nd quarter valued at approximately $170,000. Royal Bank of Canada increased its position in STMicroelectronics by 44.7% in the 2nd quarter. Royal Bank of Canada now owns 59,648 shares of the semiconductor producer’s stock valued at $858,000 after acquiring an additional 18,424 shares during the period. Finally, State Street Corp increased its position in STMicroelectronics by 968.8% in the 2nd quarter. State Street Corp now owns 558,500 shares of the semiconductor producer’s stock valued at $8,031,000 after acquiring an additional 506,247 shares during the period. 4.98% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Kepler Capital Markets upgraded STMicroelectronics from a “reduce” rating to a “hold” rating in a research report on Friday, January 26th. Zacks Investment Research cut STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Societe Generale assumed coverage on STMicroelectronics in a research report on Wednesday, January 17th. They issued a “buy” rating on the stock. ValuEngine cut STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Craig Hallum raised their target price on STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.85.
STMicroelectronics NV (STM) opened at $22.65 on Friday. STMicroelectronics NV has a 1 year low of $14.07 and a 1 year high of $25.30. The stock has a market capitalization of $20,850.00, a price-to-earnings ratio of 25.74, a PEG ratio of 3.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52.
STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.06. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was up 32.7% on a year-over-year basis. sell-side analysts predict that STMicroelectronics NV will post 1.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Monday, March 19th. STMicroelectronics’s dividend payout ratio (DPR) is presently 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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