STMicroelectronics N.V. (NYSE:STM) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG reduced its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656,150 shares of the semiconductor producer's stock after selling 17,000 shares during the quarter. Robeco Schweiz AG owned 0.07% of STMicroelectronics worth $14,409,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of STMicroelectronics by 225.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after purchasing an additional 921 shares during the period. Rakuten Securities Inc. increased its stake 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 worth $44,000 after buying an additional 1,180 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of STMicroelectronics by 139.6% during the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock worth $41,000 after purchasing an additional 1,085 shares during the period. Deutsche Bank AG increased its stake in shares of STMicroelectronics by 14.5% during the fourth quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock valued at $92,000 after buying an additional 466 shares during the period. Finally, Allworth Financial LP lifted its holdings in STMicroelectronics by 59.0% in the first quarter. Allworth Financial LP now owns 3,825 shares of the semiconductor producer's stock worth $89,000 after buying an additional 1,420 shares during the period. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Stock Performance

STM stock traded down $0.47 on Monday, hitting $31.81. The company's stock had a trading volume of 6,123,979 shares, compared to its average volume of 7,452,098. The firm has a 50 day moving average of $27.89 and a two-hundred day moving average of $25.09. The company has a current ratio of 3.05, a quick ratio of 2.24 and a debt-to-equity ratio of 0.11. The stock has a market cap of $28.57 billion, a price-to-earnings ratio of 26.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.60. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $42.73.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Equities analysts predict that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's dividend payout ratio is presently 26.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. 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 research note on Monday, April 28th. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a research report on Wednesday, July 2nd. Finally, TD Cowen boosted their target price on STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a research report on Friday, June 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, STMicroelectronics currently has a consensus rating of "Hold" and an average price target of $29.67.

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.