STMicroelectronics (NYSE:STM) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in STMicroelectronics (NYSE:STM - Free Report) by 28.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,692 shares of the semiconductor producer's stock after selling 12,553 shares during the period. Cetera Investment Advisers' holdings in STMicroelectronics were worth $791,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in shares of STMicroelectronics in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after acquiring an additional 921 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in shares of STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after acquiring an additional 1,180 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of STMicroelectronics in the 4th quarter valued at about $53,000. Finally, Crews Bank & Trust purchased a new stake in STMicroelectronics in the 4th quarter worth about $70,000. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Price Performance

Shares of STM traded down $0.16 during mid-day trading on Wednesday, hitting $25.22. 4,126,869 shares of the company were exchanged, compared to its average volume of 5,739,700. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The stock has a market cap of $22.66 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53. 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 company has a 50 day moving average of $22.56 and a 200-day moving average of $24.21.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Tuesday, June 24th. STMicroelectronics's dividend payout ratio (DPR) is presently 25.42%.

Analysts Set New Price Targets

STM has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Susquehanna reduced their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Finally, Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, STMicroelectronics currently has an average rating of "Hold" and a consensus price target of $30.97.

STMicroelectronics Company 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.