STMicroelectronics (NYSE:STM) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP grew its holdings in STMicroelectronics (NYSE:STM - Free Report) by 212.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,845 shares of the semiconductor producer's stock after buying an additional 37,993 shares during the period. Quantinno Capital Management LP's holdings in STMicroelectronics were worth $1,394,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after acquiring an additional 921 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after acquiring an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in STMicroelectronics during the fourth quarter worth about $53,000. Finally, Crews Bank & Trust acquired a new stake in STMicroelectronics in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Trading Down 0.7%

NYSE:STM traded down $0.17 during mid-day trading on Wednesday, reaching $25.21. The company's stock had a trading volume of 2,041,212 shares, compared to its average volume of 5,730,907. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The stock has a market cap of $22.64 billion, a P/E ratio of 15.19, a P/E/G ratio of 1.16 and a beta of 1.53. The company's fifty day simple moving average is $22.56 and its two-hundred day simple moving average is $24.21. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS 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 analyst estimates of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, June 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.43%. STMicroelectronics's payout ratio is 25.42%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. TD Cowen raised their target price on STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a report on Friday, April 25th. Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.