Schechter Investment Advisors LLC Has $954,000 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% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,428 shares of the semiconductor producer's stock after buying an additional 13,060 shares during the quarter. Schechter Investment Advisors LLC's holdings in STMicroelectronics were worth $954,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in STMicroelectronics by 10.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 44,843 shares of the semiconductor producer's stock worth $1,120,000 after acquiring an additional 4,342 shares during the period. Raymond James Financial Inc. bought a new stake in shares of STMicroelectronics during the fourth quarter worth about $1,738,000. PNC Financial Services Group Inc. grew its stake in shares of STMicroelectronics by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer's stock worth $307,000 after acquiring an additional 539 shares in the last quarter. Signaturefd LLC grew its position in STMicroelectronics by 27.6% during the fourth quarter. Signaturefd LLC now owns 20,580 shares of the semiconductor producer's stock valued at $514,000 after buying an additional 4,448 shares during the period. Finally, American Century Companies Inc. lifted its holdings in STMicroelectronics by 4.4% during the fourth quarter. American Century Companies Inc. now owns 518,411 shares of the semiconductor producer's stock valued at $12,945,000 after purchasing an additional 21,983 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STM. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. TD Cowen increased their price target on shares of STMicroelectronics from $23.00 to $30.00 and gave the company a "hold" rating in a report on Friday, June 13th. Dbs Bank downgraded shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Finally, Oddo Bhf raised shares of STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $29.67.

STMicroelectronics Trading Down 1.4%

NYSE:STM opened at $31.81 on Tuesday. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $42.73. The firm has a 50 day moving average of $27.89 and a 200 day moving average of $25.09. The company has a quick ratio of 2.24, a current ratio of 3.05 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $28.57 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 1.93 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 analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. As a group, sell-side analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business 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 dividend of $0.09 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. STMicroelectronics's dividend payout ratio is currently 26.27%.

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.

Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics N.V. (NYSE:STM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.