Quantinno Capital Management LP Has $1.39 Million Position in STMicroelectronics (NYSE:STM)

Quantinno Capital Management LP raised its stake in STMicroelectronics (NYSE:STM - Free Report) by 212.8% during 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 quarter. Quantinno Capital Management LP's holdings in STMicroelectronics were worth $1,394,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in STM. Clear Creek Financial Management LLC bought a new stake in shares of STMicroelectronics during the fourth quarter valued at about $468,000. Callan Family Office LLC bought a new stake in shares of STMicroelectronics during the fourth quarter valued at about $486,000. Raymond James Financial Inc. bought a new stake in shares of STMicroelectronics during the fourth quarter valued at about $1,738,000. Schechter Investment Advisors LLC bought a new stake in shares of STMicroelectronics during the fourth quarter valued at about $758,000. Finally, Aigen Investment Management LP raised its stake in shares of STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock valued at $1,947,000 after purchasing an additional 39,082 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Up 4.1%

STM traded up $0.99 during trading on Tuesday, reaching $25.40. The company had a trading volume of 4,679,019 shares, compared to its average volume of 5,735,717. The firm's 50-day simple moving average is $22.54 and its 200 day simple moving average is $24.20. The company has a market cap of $22.82 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.16 and a beta of 1.53. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39. 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 (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Equities research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $0.36 annualized dividend and a yield of 1.42%. STMicroelectronics's dividend payout ratio (DPR) is presently 25.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STM shares. 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 note on Friday, April 25th. Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Finally, TD Cowen lifted their target price on STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, April 25th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.