NBC Securities Inc. Acquires 23,060 Shares of STMicroelectronics (NYSE:STM)

NBC Securities Inc. increased its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 177,384.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,073 shares of the semiconductor producer's stock after buying 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 quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in STM. Callan Family Office LLC acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $486,000. Raymond James Financial Inc. bought a new stake in STMicroelectronics during the fourth quarter worth about $1,738,000. Schechter Investment Advisors LLC acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at approximately $758,000. Aigen Investment Management LP grew its position in shares of STMicroelectronics by 100.5% in the 4th quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock valued at $1,947,000 after acquiring an additional 39,082 shares during the period. Finally, US Bancorp DE increased its position in STMicroelectronics by 54.9% during the fourth quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer's stock worth $1,697,000 after buying an additional 24,096 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Up 4.0%

Shares of STM stock traded up $1.13 during trading hours on Monday, hitting $29.58. 8,410,010 shares of the company were exchanged, compared to its average volume of 5,894,767. The company has a 50 day simple moving average of $23.10 and a two-hundred day simple moving average of $24.25. The firm has a market cap of $26.57 billion, a P/E ratio of 17.82, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently announced 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's payout ratio is 25.42%.

Analyst Upgrades and Downgrades

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