Darwin Wealth Management LLC Cuts Stake in STMicroelectronics (NYSE:STM)

Darwin Wealth Management LLC lowered its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 43.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,750 shares of the semiconductor producer's stock after selling 21,794 shares during the quarter. Darwin Wealth Management LLC's holdings in STMicroelectronics were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STM. Thomas J. Herzfeld Advisors Inc. grew its holdings in shares of STMicroelectronics by 548.4% during the 3rd quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer's stock worth $25,000 after purchasing an additional 499 shares in the last quarter. Huntington National Bank boosted its stake in STMicroelectronics by 112.7% in the third quarter. Huntington National Bank now owns 689 shares of the semiconductor producer's stock valued at $30,000 after buying an additional 365 shares in the last quarter. Headlands Technologies LLC acquired a new stake in STMicroelectronics in the third quarter valued at about $30,000. Spire Wealth Management boosted its stake in STMicroelectronics by 125.0% in the third quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer's stock valued at $31,000 after buying an additional 400 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of STMicroelectronics in the fourth quarter worth about $40,000. Institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

STM has been the subject of a number of research analyst reports. William Blair reiterated a "market perform" rating on shares of STMicroelectronics in a research report on Friday, April 26th. Berenberg Bank upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Tuesday, April 23rd. HSBC assumed coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a "buy" rating for the company. Craig Hallum lowered their price objective on STMicroelectronics from $50.00 to $48.00 and set a "buy" rating for the company in a research note on Thursday, January 25th. Finally, StockNews.com downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating in a research report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, STMicroelectronics presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.75.

STMicroelectronics Trading Up 0.5 %

Shares of STMicroelectronics stock traded up $0.19 on Friday, reaching $40.51. 2,036,374 shares of the company's stock were exchanged, compared to its average volume of 3,629,383. The firm's 50-day moving average is $42.69 and its two-hundred day moving average is $44.39. The company has a market capitalization of $36.57 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 3.78 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.58 and a current ratio of 3.34. STMicroelectronics has a 52 week low of $37.21 and a 52 week high of $55.85.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.05). STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. The company's revenue for the quarter was down 18.4% compared to the same quarter last year. Sell-side analysts predict that STMicroelectronics will post 2.13 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be issued a dividend of $0.09 per share. This is a positive change from STMicroelectronics's previous quarterly dividend of $0.06. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Tuesday, June 25th. STMicroelectronics's payout ratio is currently 5.13%.

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.