Azzad Asset Management Inc. ADV Takes Position in STMicroelectronics N.V. (NYSE:STM)

Azzad Asset Management Inc. ADV purchased a new stake in STMicroelectronics N.V. (NYSE:STM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 163,911 shares of the semiconductor producer's stock, valued at approximately $3,599,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Callan Family Office LLC acquired a new position in STMicroelectronics during the fourth quarter worth approximately $486,000. Raymond James Financial Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $1,738,000. Schechter Investment Advisors LLC acquired a new stake in STMicroelectronics during the 4th quarter valued at $758,000. Aigen Investment Management LP boosted its position in STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock worth $1,947,000 after purchasing an additional 39,082 shares during the period. Finally, US Bancorp DE increased its holdings in shares of STMicroelectronics by 54.9% in the fourth quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer's stock valued at $1,697,000 after purchasing an additional 24,096 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on STM. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. TD Cowen raised their price objective on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday. Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, STMicroelectronics has an average rating of "Hold" and an average price target of $31.97.

STMicroelectronics Price Performance

Shares of NYSE STM traded down $0.84 during midday trading on Tuesday, reaching $28.82. The company's stock had a trading volume of 7,215,302 shares, compared to its average volume of 6,018,980. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.24 and a current ratio of 3.05. The company has a market cap of $25.88 billion, a P/E ratio of 24.42, a P/E/G ratio of 1.85 and a beta of 1.56. The business's 50 day moving average price is $24.54 and its two-hundred day moving average price is $24.47. STMicroelectronics N.V. has a fifty-two week low of $17.25 and a fifty-two week high of $43.35.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. On average, analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's dividend payout ratio (DPR) is presently 26.27%.

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.