Royal Bank of Canada lowered its position in STMicroelectronics (NYSE:STM - Free Report) by 26.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 675,989 shares of the semiconductor producer's stock after selling 243,927 shares during the period. Royal Bank of Canada owned 0.07% of STMicroelectronics worth $16,879,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in STMicroelectronics by 15.4% during the fourth quarter. Blue Trust Inc. now owns 11,159 shares of the semiconductor producer's stock valued at $279,000 after buying an additional 1,491 shares in the last quarter. Hantz Financial Services Inc. acquired a new position in shares of STMicroelectronics during the 4th quarter valued at about $1,365,000. Crews Bank & Trust bought a new position in shares of STMicroelectronics in the 4th quarter valued at approximately $70,000. Clear Creek Financial Management LLC acquired a new stake in STMicroelectronics in the 4th quarter worth approximately $468,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in STMicroelectronics in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 5.05% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on STM shares. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Susquehanna dropped their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.97.
Get Our Latest Analysis on STM
STMicroelectronics Stock Performance
Shares of NYSE STM traded down $0.32 during trading hours on Wednesday, reaching $25.06. The stock had a trading volume of 6,076,217 shares, compared to its average volume of 5,746,403. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.16 and a beta of 1.53. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $45.39. The business's fifty day moving average is $22.56 and its two-hundred day moving average is $24.21. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.
STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.
STMicroelectronics Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.44%. STMicroelectronics's payout ratio is currently 25.42%.
About STMicroelectronics
(
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.
See Also
Before you consider STMicroelectronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.
While STMicroelectronics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
