International Assets Investment Management LLC Purchases Shares of 229,395 STMicroelectronics (NYSE:STM)

International Assets Investment Management LLC acquired a new position in STMicroelectronics (NYSE:STM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 229,395 shares of the semiconductor producer's stock, valued at approximately $11,500,000.

Other large investors also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. increased its holdings in STMicroelectronics by 548.4% in the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer's stock worth $25,000 after acquiring an additional 499 shares during the last quarter. Huntington National Bank boosted its stake in STMicroelectronics by 112.7% in the 3rd quarter. Huntington National Bank now owns 689 shares of the semiconductor producer's stock worth $30,000 after purchasing an additional 365 shares during the period. Headlands Technologies LLC bought a new position in STMicroelectronics in the 3rd quarter worth about $30,000. Spire Wealth Management boosted its stake in STMicroelectronics by 125.0% in the 3rd quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer's stock worth $31,000 after purchasing an additional 400 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in STMicroelectronics in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Price Performance

NYSE:STM traded down $1.58 during mid-day trading on Friday, reaching $41.08. The stock had a trading volume of 3,304,486 shares, compared to its average volume of 2,991,673. The firm has a 50 day moving average price of $44.65 and a two-hundred day moving average price of $44.76. The stock has a market capitalization of $37.09 billion, a P/E ratio of 9.21, a P/E/G ratio of 2.83 and a beta of 1.69. STMicroelectronics has a one year low of $37.21 and a one year high of $55.85. 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 earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.19. The company had revenue of $4.28 billion during the quarter, compared to the consensus estimate of $4.08 billion. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. STMicroelectronics's quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. As a group, analysts expect that STMicroelectronics will post 3.02 earnings per share for the current year.

STMicroelectronics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be paid a $0.09 dividend. This is a boost from STMicroelectronics's previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Tuesday, June 25th. STMicroelectronics's payout ratio is 4.48%.

Wall Street Analyst Weigh In

STM has been the subject of several analyst reports. HSBC initiated coverage on STMicroelectronics in a research note on Thursday, February 22nd. They issued a "buy" rating for the company. UBS Group upgraded STMicroelectronics from a "neutral" rating to a "buy" rating in a research report on Friday, December 15th. StockNews.com downgraded STMicroelectronics from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, January 31st. Susquehanna reiterated a "positive" rating and set a $55.00 price target on shares of STMicroelectronics in a research report on Monday, April 8th. Finally, Craig Hallum dropped 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. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $50.75.

STMicroelectronics Company 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.