SG Americas Securities LLC raised its position in shares of STMicroelectronics (NYSE:STM - Free Report) by 426.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,565 shares of the semiconductor producer's stock after buying an additional 189,160 shares during the quarter. SG Americas Securities LLC's holdings in STMicroelectronics were worth $5,129,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after acquiring an additional 921 shares during the period. Rakuten Securities Inc. raised its position in shares of STMicroelectronics by 197.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares during the period. Farther Finance Advisors LLC raised its position in shares of STMicroelectronics by 139.6% during the 1st 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. SBI Securities Co. Ltd. acquired a new stake in shares of STMicroelectronics during the 4th quarter worth approximately $53,000. Finally, Deutsche Bank AG raised its position in shares of STMicroelectronics by 14.5% during 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 period. Institutional investors and hedge funds own 5.05% of the company's stock.
Wall Street Analysts Forecast Growth
STM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Dbs Bank cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. TD Cowen increased their price objective on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a report on Friday. Finally, Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, STMicroelectronics presently has a consensus rating of "Hold" and a consensus price target of $31.97.
Check Out Our Latest Analysis on STMicroelectronics
STMicroelectronics Price Performance
STMicroelectronics stock traded up $0.49 during trading hours on Monday, hitting $29.67. 6,866,128 shares of the company traded hands, compared to its average volume of 6,000,608. The firm has a market cap of $26.64 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $24.39 and its two-hundred day simple moving average is $24.44. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $43.35.
STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. As a group, analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.
STMicroelectronics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Tuesday, March 24th. STMicroelectronics's dividend payout ratio (DPR) is presently 25.42%.
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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