Robeco Schweiz AG cut its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 656,150 shares of the semiconductor producer's stock after selling 17,000 shares during the quarter. Robeco Schweiz AG owned about 0.07% of STMicroelectronics worth $14,409,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its stake in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares during the last quarter. Rakuten Securities Inc. increased its holdings in STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after buying an additional 1,180 shares during the period. Farther Finance Advisors LLC increased its holdings in STMicroelectronics by 139.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock valued at $41,000 after buying an additional 1,085 shares during the period. Deutsche Bank AG grew its holdings in shares of STMicroelectronics by 14.5% in the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after purchasing an additional 466 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in STMicroelectronics by 59.0% during the 1st quarter. Allworth Financial LP now owns 3,825 shares of the semiconductor producer's stock worth $89,000 after acquiring an additional 1,420 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on STM shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th. TD Cowen boosted their target price on STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a research note on Friday, June 13th. Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Finally, Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.67.
Read Our Latest Analysis on STMicroelectronics
STMicroelectronics Stock Performance
NYSE:STM traded down $0.87 during trading hours on Friday, hitting $32.27. 6,802,971 shares of the company were exchanged, compared to its average volume of 6,257,339. 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 N.V. has a 52-week low of $17.25 and a 52-week high of $43.32. The company's 50 day moving average price is $27.89 and its 200-day moving average price is $25.10. The stock has a market capitalization of $28.98 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 1.98 and a beta of 1.60.
STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. As a group, research analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.
STMicroelectronics Dividend Announcement
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 given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 24th. STMicroelectronics's dividend payout ratio (DPR) is 26.27%.
STMicroelectronics Company Profile
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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.
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