SG Americas Securities LLC Invests $2.14 Million in STMicroelectronics (NYSE:STM)

SG Americas Securities LLC bought a new position in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 42,718 shares of the semiconductor producer's stock, valued at approximately $2,141,000.

Other hedge funds also recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of STMicroelectronics by 448.6% during the first quarter. Renaissance Technologies LLC now owns 2,214,361 shares of the semiconductor producer's stock worth $118,169,000 after acquiring an additional 1,810,709 shares during the period. Bank of America Corp DE grew its holdings in shares of STMicroelectronics by 92.5% during the first quarter. Bank of America Corp DE now owns 1,830,732 shares of the semiconductor producer's stock worth $97,926,000 after buying an additional 879,856 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of STMicroelectronics during the first quarter worth about $46,169,000. Morgan Stanley grew its holdings in shares of STMicroelectronics by 36.6% during the third quarter. Morgan Stanley now owns 3,005,136 shares of the semiconductor producer's stock worth $129,702,000 after buying an additional 805,136 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of STMicroelectronics by 209.4% during the second quarter. Barclays PLC now owns 789,204 shares of the semiconductor producer's stock worth $39,453,000 after buying an additional 534,160 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STM has been the subject of a number of research reports. HSBC initiated coverage on STMicroelectronics in a report on Thursday, February 22nd. They set a "buy" rating for the company. StockNews.com downgraded STMicroelectronics from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 31st. Craig Hallum reduced their price target on STMicroelectronics from $50.00 to $48.00 and set a "buy" rating for the company in a research report on Thursday, January 25th. Finally, UBS Group raised STMicroelectronics from a "neutral" rating to a "buy" rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, STMicroelectronics has an average rating of "Moderate Buy" and a consensus target price of $50.75.

STMicroelectronics Stock Down 1.7 %

NYSE STM traded down $0.73 during trading hours on Thursday, hitting $43.24. 2,315,101 shares of the company traded hands, compared to its average volume of 3,662,937. STMicroelectronics has a twelve month low of $37.21 and a twelve month high of $55.85. The stock has a market capitalization of $39.04 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 2.82 and a beta of 1.69. The business's 50-day moving average is $45.21 and its 200-day moving average is $44.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The company had revenue of $4.28 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period last year, the firm posted $1.32 earnings per share. The business's revenue was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that STMicroelectronics will post 3.06 earnings per share for the current year.

STMicroelectronics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from STMicroelectronics's previous quarterly dividend of $0.06. STMicroelectronics's dividend payout ratio (DPR) is 8.07%.

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.