Clear Creek Financial Management LLC acquired a new stake in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,746 shares of the semiconductor producer's stock, valued at approximately $468,000.
A number of other hedge funds also recently modified their holdings of the stock. Truvestments Capital LLC acquired a new position in STMicroelectronics in the 3rd quarter valued at $25,000. Archer Investment Corp acquired a new position in shares of STMicroelectronics in the third quarter valued at about $30,000. GAMMA Investing LLC increased its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after acquiring an additional 531 shares during the period. Waldron Private Wealth LLC acquired a new stake in STMicroelectronics in the 3rd quarter worth about $34,000. Finally, TD Private Client Wealth LLC boosted its holdings in STMicroelectronics by 108.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after purchasing an additional 809 shares during the period. Institutional investors and hedge funds own 5.05% of the company's stock.
Wall Street Analyst Weigh In
STM has been the subject of a number of analyst reports. Robert W. Baird dropped their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a report on Monday, December 9th. Craig Hallum reduced their target price on STMicroelectronics from $42.00 to $36.00 and set a "buy" rating on the stock in a report on Thursday, October 31st. Morgan Stanley cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Monday, November 4th. Finally, Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $33.40.
View Our Latest Stock Analysis on STM
STMicroelectronics Trading Down 0.5 %
STM opened at $22.41 on Monday. The company has a market cap of $20.24 billion, a P/E ratio of 9.22, a PEG ratio of 4.36 and a beta of 1.52. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $25.29 and its 200-day moving average is $27.95. STMicroelectronics has a 1-year low of $21.96 and a 1-year high of $49.05.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. Equities research analysts predict that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.
STMicroelectronics Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.61%. STMicroelectronics's dividend payout ratio is presently 12.76%.
About STMicroelectronics
(
Free Report)
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.
See Also
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