STMicroelectronics N.V. (NYSE:STM) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 1,758.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,982 shares of the semiconductor producer's stock after buying an additional 20,799 shares during the period. GAMMA Investing LLC's holdings in STMicroelectronics were worth $483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Two Sigma Investments LP lifted its position in STMicroelectronics by 19.4% during the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock valued at $111,750,000 after buying an additional 725,684 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics by 131.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock valued at $85,232,000 after purchasing an additional 1,939,088 shares during the period. Voloridge Investment Management LLC raised its stake in shares of 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 purchasing an additional 938,097 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of STMicroelectronics by 576.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer's stock valued at $47,962,000 after purchasing an additional 1,636,707 shares during the period. Finally, Two Sigma Advisers LP raised its stake in shares of 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 purchasing an additional 490,000 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STM has been the subject of a number of research analyst reports. Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. Finally, TD Cowen lifted their price target on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, STMicroelectronics presently has a consensus rating of "Hold" and a consensus price target of $29.67.

STMicroelectronics Stock Performance

STM stock traded up $0.46 during trading on Monday, hitting $29.13. 5,883,192 shares of the company's stock traded hands, compared to its average volume of 6,042,450. The company has a quick ratio of 2.24, a current ratio of 3.05 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $43.32. The stock has a fifty day moving average price of $25.23 and a two-hundred day moving average price of $24.54. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.79 and a beta of 1.56.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. As a group, equities analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

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 given a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. STMicroelectronics's dividend payout ratio is currently 26.27%.

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.