Free Trial

507,944 Shares in STMicroelectronics N.V. (NYSE:STM) Acquired by Foresight Global Investors Inc.

STMicroelectronics logo with Computer and Technology background

Key Points

  • Foresight Global Investors Inc. has acquired 507,944 shares of STMicroelectronics, valued at approximately $11.15 million, representing 7.8% of its holdings.
  • STMicroelectronics reported a miss on earnings with $0.06 EPS, falling short of the $0.10 expected by analysts; however, it exceeded revenue expectations with $2.77 billion.
  • The company will pay a quarterly dividend of $0.09 per share on March 31st, translating to an annualized yield of 1.5% and a payout ratio of 44.93%.
  • Want stock alerts on STMicroelectronics? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Foresight Global Investors Inc. bought a new stake in STMicroelectronics N.V. (NYSE:STM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 507,944 shares of the semiconductor producer's stock, valued at approximately $11,154,000. STMicroelectronics comprises approximately 7.8% of Foresight Global Investors Inc.'s holdings, making the stock its 7th biggest holding. Foresight Global Investors Inc. owned approximately 0.06% of STMicroelectronics at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of STMicroelectronics by 7.9% during the fourth quarter. LPL Financial LLC now owns 119,930 shares of the semiconductor producer's stock worth $2,995,000 after buying an additional 8,763 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of STMicroelectronics by 16.0% during the fourth quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock worth $127,000 after buying an additional 700 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of STMicroelectronics by 11.0% during the fourth quarter. Quadrant Capital Group LLC now owns 11,358 shares of the semiconductor producer's stock worth $284,000 after buying an additional 1,121 shares during the last quarter. Cerity Partners LLC boosted its holdings in STMicroelectronics by 6.9% in the 4th quarter. Cerity Partners LLC now owns 28,772 shares of the semiconductor producer's stock valued at $771,000 after purchasing an additional 1,851 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in STMicroelectronics by 380.1% in the 4th quarter. Bank of Montreal Can now owns 63,874 shares of the semiconductor producer's stock valued at $1,595,000 after purchasing an additional 50,570 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Down 1.3%

STM stock traded down $0.32 during trading on Monday, reaching $24.86. The stock had a trading volume of 3,647,573 shares, compared to its average volume of 7,626,437. The company has a market capitalization of $22.32 billion, a P/E ratio of 36.04, a PEG ratio of 3.96 and a beta of 1.61. The firm has a fifty day moving average price of $29.26 and a 200 day moving average price of $25.54. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%. On average, equities analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. STMicroelectronics's dividend payout ratio (DPR) is 52.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STM shares. Susquehanna lifted their price target on shares of STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group set a $26.50 price target on shares of STMicroelectronics and gave the company a "neutral" rating in a research report on Friday, July 25th. TD Cowen reduced their price target on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, July 25th. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Robert W. Baird upgraded STMicroelectronics from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of "Hold" and an average target price of $32.21.

Check Out Our Latest Stock Report on STMicroelectronics

STMicroelectronics Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

Should You Invest $1,000 in STMicroelectronics Right Now?

Before you consider STMicroelectronics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.

While STMicroelectronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything
Top Trades: Massive Gains and Costly Mistakes to Avoid

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines