Valeo Financial Advisors LLC Purchases Shares of 10,123 STMicroelectronics (NYSE:STM)

Valeo Financial Advisors LLC acquired a new stake in STMicroelectronics (NYSE:STM) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 10,123 shares of the semiconductor producer’s stock, valued at approximately $253,000.

Several other hedge funds and other institutional investors have also modified their holdings of STM. Truvestments Capital LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp acquired a new position in STMicroelectronics during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC lifted its position in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in STMicroelectronics during the 4th quarter worth approximately $31,000. Finally, Waldron Private Wealth LLC purchased a new stake in STMicroelectronics during the 3rd quarter worth approximately $34,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Susquehanna lowered their price target on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a report on Friday, January 31st. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Robert W. Baird lowered their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. BNP Paribas started coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. Finally, Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.26.

STMicroelectronics Trading Down 0.3 %

Shares of STM stock opened at $24.42 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The firm has a market capitalization of $22.06 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. The stock has a fifty day moving average of $24.63 and a two-hundred day moving average of $26.86. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $49.05.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, research analysts expect that STMicroelectronics will post 0.82 EPS for the current year.

STMicroelectronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is 18.67%.

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.