Signaturefd LLC Has $1.07 Million Stake in STMicroelectronics (NYSE:STM)

Signaturefd LLC raised its position in STMicroelectronics (NYSE:STM) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,243 shares of the semiconductor producer’s stock after buying an additional 1,040 shares during the quarter. Signaturefd LLC’s holdings in STMicroelectronics were worth $1,065,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in STM. Blue Trust Inc. raised its position in STMicroelectronics by 11.2% during the fourth quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock valued at $135,000 after purchasing an additional 272 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of STMicroelectronics during the 4th quarter worth $2,141,000. FMR LLC lifted its position in shares of STMicroelectronics by 27.9% during the 3rd quarter. FMR LLC now owns 589,282 shares of the semiconductor producer’s stock worth $25,433,000 after buying an additional 128,707 shares during the last quarter. Modera Wealth Management LLC boosted its stake in STMicroelectronics by 5.7% in the third quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer’s stock valued at $4,766,000 after buying an additional 5,957 shares in the last quarter. Finally, American Century Companies Inc. grew its position 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 acquiring an additional 34,443 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Up 1.7 %

NYSE STM opened at $39.25 on Tuesday. The firm has a market capitalization of $35.43 billion, a PE ratio of 8.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.69. The business’s 50-day moving average price is $44.02 and its two-hundred day moving average price is $44.64. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. STMicroelectronics has a 12 month low of $37.21 and a 12 month high of $55.85.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, beating the consensus estimate of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The business had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business posted $1.32 earnings per share. The firm’s revenue was down 3.2% on a year-over-year basis. On average, analysts expect that STMicroelectronics will post 2.99 EPS for the current year.

STMicroelectronics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Tuesday, June 25th. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. STMicroelectronics’s dividend payout ratio (DPR) is currently 4.48%.

Analysts Set New Price Targets

Several equities analysts recently commented on STM shares. Susquehanna reissued a “positive” rating and issued a $55.00 price objective on shares of STMicroelectronics in a research note on Monday, April 8th. HSBC initiated coverage on STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating on the stock. StockNews.com downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Craig Hallum lowered their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, January 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.75.

STMicroelectronics Profile

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.