Advisor Group Inc. boosted its holdings in STMicroelectronics NV (NYSE:STM) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,180 shares of the semiconductor producer’s stock after acquiring an additional 2,540 shares during the period. Advisor Group Inc.’s holdings in STMicroelectronics were worth $2,428,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its position 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 buying an additional 2,392 shares during the last quarter. Cetera Advisors LLC boosted its stake in STMicroelectronics by 4.8% in the 4th 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 during the period. Eagle Asset Management Inc. boosted its stake in STMicroelectronics by 15.6% in the 3rd 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 during the period. Shelton Capital Management boosted its stake in STMicroelectronics by 18.8% in the 4th quarter. Shelton Capital Management now owns 25,300 shares of the semiconductor producer’s stock worth $553,000 after purchasing an additional 4,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in STMicroelectronics by 8.5% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 55,010 shares of the semiconductor producer’s stock worth $1,068,000 after purchasing an additional 4,290 shares during the period. Institutional investors own 4.72% of the company’s stock.
Shares of STM stock traded down $0.34 during trading hours on Friday, reaching $20.98. 2,049,373 shares of the company were exchanged, compared to its average volume of 2,776,098. STMicroelectronics NV has a fifty-two week low of $14.07 and a fifty-two week high of $25.30. The firm has a market capitalization of $18,810.46, a price-to-earnings ratio of 21.41, a PEG ratio of 3.14 and a beta of 0.80. 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 posted its quarterly earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. STMicroelectronics’s revenue for the quarter was up 32.7% compared to the same quarter last year. equities research analysts forecast that STMicroelectronics NV will post 1.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.14%. The ex-dividend date was Monday, March 19th. STMicroelectronics’s payout ratio is presently 20.41%.
A number of equities research analysts have issued reports on the stock. Vetr downgraded shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 target price on the stock. in a report on Friday, January 19th. Societe Generale initiated coverage on shares of STMicroelectronics in a report on Wednesday, January 17th. They set a “buy” rating on the stock. Zacks Investment Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Credit Suisse Group upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating, six have assigned 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 an average price target of $23.39.
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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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