ABC Arbitrage SA Invests $1.54 Million in STMicroelectronics (NYSE:STM)

ABC Arbitrage SA purchased a new position in shares of STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 61,809 shares of the semiconductor producer's stock, valued at approximately $1,543,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $253,000. Guided Capital Wealth Management LLC acquired a new position in STMicroelectronics in the fourth quarter valued at $385,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at about $31,000. Clear Creek Financial Management LLC acquired a new stake in shares of STMicroelectronics during the fourth quarter worth about $468,000. Finally, Crews Bank & Trust purchased a new position in shares of STMicroelectronics during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on STM shares. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. Susquehanna cut their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. Craig Hallum reduced their target price on shares of STMicroelectronics from $42.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $31.26.

STMicroelectronics Price Performance

NYSE STM traded up $2.08 during trading hours on Wednesday, reaching $26.49. The company's stock had a trading volume of 12,734,243 shares, compared to its average volume of 6,857,720. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The stock has a market cap of $23.93 billion, a PE ratio of 15.95, a PEG ratio of 1.05 and a beta of 1.51. The company's 50-day moving average is $24.63 and its two-hundred day moving average is $26.86. STMicroelectronics has a fifty-two week low of $21.36 and a fifty-two week high of $49.05.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Analysts forecast that STMicroelectronics will post 0.82 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics's payout ratio is 18.67%.

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.