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

Naples Global Advisors LLC cut its position in STMicroelectronics (NYSE:STM - Free Report) by 29.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,285 shares of the semiconductor producer's stock after selling 10,406 shares during the quarter. Naples Global Advisors LLC's holdings in STMicroelectronics were worth $558,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position 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. Arrowstreet Capital Limited Partnership increased its holdings in STMicroelectronics by 576.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer's stock valued at $47,962,000 after buying an additional 1,636,707 shares during the period. Voloridge Investment Management LLC increased its holdings in STMicroelectronics by 39.2% in the 4th quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer's stock valued at $83,165,000 after buying an additional 938,097 shares during the period. Invesco Ltd. raised its stake in shares of STMicroelectronics by 94.4% in the 4th quarter. Invesco Ltd. now owns 1,767,787 shares of the semiconductor producer's stock valued at $44,142,000 after buying an additional 858,624 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of STMicroelectronics by 19.4% during the 4th quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock worth $111,750,000 after acquiring an additional 725,684 shares during the period. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock traded up $0.81 during trading on Tuesday, reaching $30.41. The company's stock had a trading volume of 9,847,867 shares, compared to its average volume of 5,922,834. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The stock has a 50-day moving average price of $23.47 and a two-hundred day moving average price of $24.33. The stock has a market capitalization of $27.31 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

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

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 1.18%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's dividend payout ratio is presently 25.42%.

Analysts Set New Price Targets

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

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.