Oppenheimer Asset Management Inc. increased its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 146.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 25,585 shares of the semiconductor producer's stock after acquiring an additional 15,190 shares during the period. Oppenheimer Asset Management Inc.'s holdings in STMicroelectronics were worth $562,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of STM. Shariaportfolio Inc. increased its stake in STMicroelectronics by 37.4% in the first quarter. Shariaportfolio Inc. now owns 87,131 shares of the semiconductor producer's stock worth $1,913,000 after purchasing an additional 23,713 shares during the period. Blue Trust Inc. increased its stake in STMicroelectronics by 49.9% in the 1st quarter. Blue Trust Inc. now owns 12,305 shares of the semiconductor producer's stock worth $270,000 after buying an additional 4,095 shares during the period. QRG Capital Management Inc. lifted its holdings in STMicroelectronics by 11.5% during the 1st quarter. QRG Capital Management Inc. now owns 76,930 shares of the semiconductor producer's stock valued at $1,689,000 after buying an additional 7,913 shares in the last quarter. Azzad Asset Management Inc. ADV bought a new stake in STMicroelectronics during the 1st quarter valued at about $3,599,000. Finally, SG Americas Securities LLC boosted its position in STMicroelectronics by 426.0% in the 1st quarter. SG Americas Securities LLC now owns 233,565 shares of the semiconductor producer's stock valued at $5,129,000 after buying an additional 189,160 shares during the period. 5.05% of the stock is owned by institutional investors.
STMicroelectronics Price Performance
Shares of STM stock opened at $30.09 on Monday. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $43.32. The stock's 50-day moving average is $26.01 and its 200 day moving average is $24.64. The company has a market cap of $27.02 billion, a P/E ratio of 25.50, a PEG ratio of 1.88 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.05 and a quick ratio of 2.24.
STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. Research analysts predict 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. Shareholders of record on Tuesday, March 24th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $0.36 annualized dividend and a yield of 1.20%. STMicroelectronics's dividend payout ratio (DPR) is 26.27%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on STM. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, TD Cowen upped their target price on STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $29.67.
View Our Latest Stock Analysis on STM
About STMicroelectronics
(
Free Report)
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.
Further Reading
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