Natixis Advisors LLC Grows Holdings in STMicroelectronics N.V. (NYSE:STM)

Key Points

• Natixis Advisors LLC increased its holdings in STMicroelectronics N.V. by 73.4%, acquiring a total of 112,833 shares worth approximately $2.48 million.
• STMicroelectronics recently reported a net margin of 5.49% and earnings per share of $0.06, missing analyst estimates of $0.10.
• The company announced a quarterly dividend of $0.09 per share payable on March 31, representing an annualized dividend yield of 1.4%.

Natixis Advisors LLC lifted its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 73.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,833 shares of the semiconductor producer's stock after buying an additional 47,752 shares during the period. Natixis Advisors LLC's holdings in STMicroelectronics were worth $2,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in STMicroelectronics in the 4th quarter valued at about $1,738,000. Ridgewood Investments LLC boosted its position in shares of STMicroelectronics by 325.1% during the 1st quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock worth $289,000 after acquiring an additional 10,075 shares in the last quarter. XTX Topco Ltd boosted its position in STMicroelectronics by 207.5% in the fourth quarter. XTX Topco Ltd now owns 75,211 shares of the semiconductor producer's stock valued at $1,878,000 after buying an additional 50,756 shares in the last quarter. Russell Investments Group Ltd. boosted its position in STMicroelectronics by 16.0% in the fourth quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock valued at $127,000 after buying an additional 700 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in STMicroelectronics by 146.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 25,585 shares of the semiconductor producer's stock valued at $562,000 after buying an additional 15,190 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Performance

STM stock traded up $0.35 during mid-day trading on Friday, hitting $25.18. The company had a trading volume of 5,857,508 shares, compared to its average volume of 8,948,820. The stock's fifty day moving average price is $29.26 and its two-hundred day moving average price is $25.54. STMicroelectronics N.V. has a 12 month low of $17.25 and a 12 month high of $33.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The firm has a market cap of $22.62 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 3.96 and a beta of 1.61.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. The business had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. On average, analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's dividend payout ratio is 44.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STM shares. Oddo Bhf raised shares of STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. TD Cowen reduced their price target on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a report on Friday, July 25th. The Goldman Sachs Group set a $26.50 price target on shares of STMicroelectronics and gave the stock a "neutral" rating in a report on Friday, July 25th. Craig Hallum cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a report on Thursday, July 24th. Finally, Robert W. Baird upgraded shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $23.00 to $50.00 in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $32.21.

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.