Schechter Investment Advisors LLC Has $954,000 Stock Position in STMicroelectronics N.V. (NYSE:STM)

Schechter Investment Advisors LLC grew its stake in STMicroelectronics N.V. (NYSE:STM - Free Report) by 43.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 43,428 shares of the semiconductor producer's stock after acquiring an additional 13,060 shares during the period. Schechter Investment Advisors LLC's holdings in STMicroelectronics were worth $954,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in STM. New York State Common Retirement Fund acquired a new stake in shares of STMicroelectronics during the first quarter worth about $2,994,000. Ballentine Partners LLC increased its stake in STMicroelectronics by 16.0% in the first quarter. Ballentine Partners LLC now owns 11,654 shares of the semiconductor producer's stock valued at $256,000 after purchasing an additional 1,604 shares during the last quarter. Allworth Financial LP increased its stake in STMicroelectronics by 59.0% in the first quarter. Allworth Financial LP now owns 3,825 shares of the semiconductor producer's stock valued at $89,000 after purchasing an additional 1,420 shares during the last quarter. Callan Capital LLC grew its position in shares of STMicroelectronics by 44.7% during the first quarter. Callan Capital LLC now owns 12,407 shares of the semiconductor producer's stock worth $272,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in shares of STMicroelectronics by 41.0% during the first quarter. Penserra Capital Management LLC now owns 622,759 shares of the semiconductor producer's stock worth $13,675,000 after acquiring an additional 181,117 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a research report on Wednesday, July 2nd. TD Cowen boosted their price objective on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a research report on Friday, June 13th. Finally, Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, STMicroelectronics presently has an average rating of "Hold" and a consensus price target of $29.67.

STMicroelectronics Stock Up 0.9%

NYSE STM traded up $0.31 on Friday, reaching $32.42. The company had a trading volume of 4,343,914 shares, compared to its average volume of 6,312,870. The firm has a market capitalization of $29.11 billion, a PE ratio of 27.50, a P/E/G ratio of 1.87 and a beta of 1.60. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $42.24. The firm has a 50-day moving average of $28.60 and a 200-day moving average of $25.28. 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 announced its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. The firm had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. On average, equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's dividend payout ratio (DPR) is 26.27%.

About STMicroelectronics

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.