Arkadios Wealth Advisors Takes Position in STMicroelectronics N.V. (NYSE:STM)

Key Points

• Arkadios Wealth Advisors has invested approximately $278,000 in STMicroelectronics N.V. by acquiring 12,667 shares during the first quarter of the year.
• Several institutional investors, including Ridgewood Investments LLC and LPL Financial LLC, have significantly increased their positions in STMicroelectronics, reflecting growing interest among major investors.
• Brokerages have issued varied ratings for STMicroelectronics, with an average rating of "Hold" and a consensus price target of $32.21.

Arkadios Wealth Advisors bought a new position in STMicroelectronics N.V. (NYSE:STM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 12,667 shares of the semiconductor producer's stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Two Sigma Investments LP grew its position in STMicroelectronics by 19.4% in the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock worth $111,750,000 after acquiring an additional 725,684 shares in the last quarter. Voloridge Investment Management LLC boosted its position in STMicroelectronics by 39.2% during the fourth quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer's stock valued at $83,165,000 after buying an additional 938,097 shares during the period. Two Sigma Advisers LP boosted its position in STMicroelectronics by 35.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer's stock valued at $47,111,000 after buying an additional 490,000 shares during the period. Invesco Ltd. grew its stake in shares of STMicroelectronics by 94.4% in the fourth quarter. Invesco Ltd. now owns 1,767,787 shares of the semiconductor producer's stock worth $44,142,000 after purchasing an additional 858,624 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of STMicroelectronics by 22.1% in the fourth quarter. Barclays PLC now owns 1,281,006 shares of the semiconductor producer's stock worth $31,987,000 after purchasing an additional 231,668 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on STM shares. Susquehanna lifted their target price on shares of STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group set a $26.50 target price on shares of STMicroelectronics and gave the stock a "neutral" rating in a report on Friday, July 25th. Baird R W upgraded shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Craig Hallum cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research note on Thursday, July 24th. Finally, Robert W. Baird upgraded shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $23.00 to $50.00 in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, STMicroelectronics has a consensus rating of "Hold" and a consensus price target of $32.21.

STMicroelectronics Trading Up 1.4%

Shares of STMicroelectronics stock traded up $0.35 on Friday, reaching $25.18. The company had a trading volume of 5,857,508 shares, compared to its average volume of 8,948,820. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47. The firm's 50 day moving average price is $29.26 and its two-hundred day moving average price is $25.54. The firm has a market cap of $22.62 billion, a PE ratio of 36.49, a PEG ratio of 3.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its earnings results 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). STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%. The business had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. Sell-side analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.4%. STMicroelectronics's dividend payout ratio is presently 44.93%.

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.