Cetera Investment Advisers Has $791,000 Stock Holdings in STMicroelectronics (NYSE:STM)

Cetera Investment Advisers lessened its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 28.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other institutional investors have also modified their holdings of STM. Newbridge Financial Services Group Inc. bought a new position in STMicroelectronics in the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC boosted its stake in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares during the period. Rakuten Securities Inc. increased its holdings in STMicroelectronics by 197.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $53,000. Finally, Crews Bank & Trust acquired a new position in shares of STMicroelectronics during the fourth quarter worth about $70,000. Institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on STM. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on shares of STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Dbs Bank cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Susquehanna decreased their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. 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. According to data from MarketBeat, STMicroelectronics has a consensus rating of "Hold" and a consensus price target of $30.97.

STMicroelectronics Stock Performance

STMicroelectronics stock traded up $0.43 during midday trading on Thursday, reaching $25.42. 5,392,892 shares of the company's stock were exchanged, compared to its average volume of 5,762,931. The stock's 50-day simple moving average is $22.60 and its 200 day simple moving average is $24.21. The firm has a market cap of $22.83 billion, a price-to-earnings ratio of 15.31, a P/E/G 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. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. On average, analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, March 24th. STMicroelectronics's payout ratio is 25.42%.

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.