Naples Global Advisors LLC Has $558,000 Stake in STMicroelectronics (NYSE:STM)

Naples Global Advisors LLC lowered its position in STMicroelectronics (NYSE:STM - Free Report) by 29.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 25,285 shares of the semiconductor producer's stock after selling 10,406 shares during the period. Naples Global Advisors LLC's holdings in STMicroelectronics were worth $558,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STM. Newbridge Financial Services Group Inc. bought a new stake in STMicroelectronics during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC grew its stake 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 worth $33,000 after acquiring an additional 921 shares in the last quarter. Rakuten Securities Inc. grew its stake 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 worth $44,000 after acquiring an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of STMicroelectronics in the 4th quarter worth $53,000. Finally, Deutsche Bank AG grew its stake in shares of STMicroelectronics by 14.5% in the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STM. TD Cowen upped their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Finally, Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $30.97.

STMicroelectronics Price Performance

NYSE STM opened at $28.46 on Friday. The company has a market cap of $25.56 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $23.10 and its two-hundred day simple moving average is $24.26.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current 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 issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, March 24th. STMicroelectronics's payout ratio is 25.42%.

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.

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