STMicroelectronics N.V. (NYSE:STM) Position Boosted by Shariaportfolio Inc.

Shariaportfolio Inc. grew its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 37.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,131 shares of the semiconductor producer's stock after purchasing an additional 23,713 shares during the quarter. STMicroelectronics makes up about 1.0% of Shariaportfolio Inc.'s investment portfolio, making the stock its 15th biggest position. Shariaportfolio Inc.'s holdings in STMicroelectronics were worth $1,913,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in STM. Callan Family Office LLC acquired a new stake in shares of STMicroelectronics during the 4th quarter worth $486,000. Raymond James Financial Inc. acquired a new stake in shares of STMicroelectronics during the 4th quarter worth $1,738,000. Schechter Investment Advisors LLC acquired a new stake in shares of STMicroelectronics during the 4th quarter worth $758,000. Aigen Investment Management LP increased its holdings in shares of STMicroelectronics by 100.5% during the 4th quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock worth $1,947,000 after buying an additional 39,082 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of STMicroelectronics by 54.9% during the 4th quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer's stock worth $1,697,000 after buying an additional 24,096 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Up 1.6%

Shares of STMicroelectronics stock traded up $0.46 during trading hours on Monday, hitting $29.13. 5,883,192 shares of the company's stock traded hands, compared to its average volume of 6,042,461. The stock has a 50 day simple moving average of $25.23 and a 200-day simple moving average of $24.54. 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 company has a market cap of $26.16 billion, a PE ratio of 24.69, a PEG ratio of 1.79 and a beta of 1.56. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $43.32.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a return on equity of 6.28% and a net margin of 8.94%. Equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal 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 paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. STMicroelectronics's dividend payout ratio is presently 26.27%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on STM. TD Cowen upped their price objective on STMicroelectronics from $23.00 to $30.00 and gave the stock a "hold" rating in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th. Finally, Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $29.67.

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.