NBC Securities Inc. Increases Stock Position in STMicroelectronics (NYSE:STM)

NBC Securities Inc. lifted its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 177,384.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,073 shares of the semiconductor producer's stock after acquiring an additional 23,060 shares during the period. NBC Securities Inc.'s holdings in STMicroelectronics were worth $506,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Two Sigma Investments LP increased its position in shares of STMicroelectronics by 19.4% during the fourth 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 in the last quarter. 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 worth $85,232,000 after acquiring an additional 1,939,088 shares in the last quarter. Voloridge Investment Management LLC increased its position 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 worth $83,165,000 after acquiring an additional 938,097 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 worth $47,962,000 after acquiring an additional 1,636,707 shares in the last quarter. Finally, Two Sigma Advisers LP increased its position 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 worth $47,111,000 after acquiring an additional 490,000 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock traded up $0.17 on Friday, reaching $28.46. 5,552,415 shares of the company traded hands, compared to its average volume of 5,873,727. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39. The company has a 50 day moving average of $23.10 and a 200 day moving average of $24.26. The firm has a market capitalization of $25.56 billion, a PE ratio of 17.14, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

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 analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. Equities analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's payout ratio is currently 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.