SG Americas Securities LLC Makes New Investment in STMicroelectronics (NYSE:STM)

SG Americas Securities LLC purchased a new stake in STMicroelectronics (NYSE:STM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 42,718 shares of the semiconductor producer’s stock, valued at approximately $2,141,000.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC grew its stake in STMicroelectronics by 27.9% in the third quarter. FMR LLC now owns 589,282 shares of the semiconductor producer’s stock valued at $25,433,000 after acquiring an additional 128,707 shares during the period. Modera Wealth Management LLC raised its holdings in STMicroelectronics by 5.7% during the 3rd quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer’s stock worth $4,766,000 after buying an additional 5,957 shares during the period. Petix & Botte Co acquired a new stake in STMicroelectronics during the 2nd quarter worth approximately $250,000. American Century Companies Inc. lifted its stake in STMicroelectronics by 8.7% in the third quarter. American Century Companies Inc. now owns 431,652 shares of the semiconductor producer’s stock valued at $18,630,000 after buying an additional 34,443 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of STMicroelectronics by 1.7% in the third quarter. Stifel Financial Corp now owns 78,555 shares of the semiconductor producer’s stock valued at $3,390,000 after buying an additional 1,335 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Up 2.2 %

STM stock opened at $43.96 on Thursday. The company has a market cap of $39.69 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 2.81 and a beta of 1.69. STMicroelectronics has a twelve month low of $37.21 and a twelve month high of $55.85. The business has a 50 day moving average price of $45.23 and a two-hundred day moving average price of $44.84. The company has a quick ratio of 2.44, a current ratio of 3.17 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.19. STMicroelectronics had a net margin of 24.36% and a return on equity of 27.70%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the business earned $1.32 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. Analysts anticipate that STMicroelectronics will post 3.06 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This is a positive change from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. STMicroelectronics’s payout ratio is currently 4.48%.

Analyst Ratings Changes

STM has been the topic of several research reports. Craig Hallum cut their price objective on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. HSBC initiated coverage on STMicroelectronics in a research report on Thursday, February 22nd. They set a “buy” rating for the company. UBS Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Finally, StockNews.com downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.75.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.