Symmetry Peak Management LLC bought a new position in STMicroelectronics N.V. (NYSE:STM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 45,000 shares of the semiconductor producer’s stock, valued at approximately $696,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock worth $119,000 after buying an additional 1,771 shares during the period. PNC Financial Services Group Inc. boosted its position in STMicroelectronics N.V. by 114.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer’s stock worth $121,000 after buying an additional 4,175 shares during the period. Tyers Asset Management LLC bought a new position in STMicroelectronics N.V. during the fourth quarter worth approximately $123,000. Financial Architects Inc bought a new position in STMicroelectronics N.V. during the first quarter worth approximately $123,000. Finally, Gideon Capital Advisors Inc. bought a new position in STMicroelectronics N.V. during the fourth quarter worth approximately $129,000. 5.20% of the stock is owned by hedge funds and other institutional investors.
Shares of STMicroelectronics N.V. (STM) traded up 0.79% on Friday, reaching $15.22. 5,023,943 shares of the company were exchanged. The stock’s 50-day moving average is $16.37 and its 200 day moving average is $14.13. The firm has a market capitalization of $13.45 billion, a PE ratio of 42.75 and a beta of 0.63. STMicroelectronics N.V. has a 12-month low of $5.26 and a 12-month high of $17.34.
STMicroelectronics N.V. (NYSE:STM) last announced its earnings results on Thursday, April 27th. The semiconductor producer reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.82 billion. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. STMicroelectronics N.V.’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.02) EPS. On average, analysts forecast that STMicroelectronics N.V. will post $0.74 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Tuesday, June 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, June 23rd. This represents a $0.24 annualized dividend and a yield of 1.58%. STMicroelectronics N.V.’s payout ratio is 55.56%.
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A number of research firms have recently commented on STM. Stifel Nicolaus cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a report on Monday, May 15th. Craig Hallum reissued a “buy” rating and issued a $20.00 target price on shares of STMicroelectronics N.V. in a report on Thursday, April 27th. Barclays PLC raised shares of STMicroelectronics N.V. from an “equal weight” rating to an “overweight” rating in a report on Wednesday, February 22nd. Zacks Investment Research cut shares of STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating on shares of STMicroelectronics N.V. in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. STMicroelectronics N.V. has an average rating of “Hold” and an average target price of $17.67.
STMicroelectronics N.V. Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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