23,341 Shares in STMicroelectronics (NYSE:STM) Acquired by Diversified Trust Co

Diversified Trust Co bought a new position in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,341 shares of the semiconductor producer's stock, valued at approximately $583,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Inspire Advisors LLC boosted its position in STMicroelectronics by 2.9% during the 2nd quarter. Inspire Advisors LLC now owns 12,970 shares of the semiconductor producer's stock worth $509,000 after purchasing an additional 363 shares during the period. Stifel Financial Corp lifted its stake in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock worth $2,048,000 after purchasing an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares during the period. Moran Wealth Management LLC grew its stake in shares of STMicroelectronics by 0.9% in the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer's stock valued at $2,039,000 after buying an additional 634 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of STMicroelectronics by 7.7% during the 3rd quarter. Ballentine Partners LLC now owns 10,278 shares of the semiconductor producer's stock valued at $306,000 after buying an additional 733 shares during the period. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Stock Down 2.7 %

STMicroelectronics stock traded down $0.68 during midday trading on Friday, hitting $24.60. The stock had a trading volume of 6,305,171 shares, compared to its average volume of 6,671,079. The business has a fifty day moving average price of $25.62 and a 200 day moving average price of $29.77. STMicroelectronics has a 12 month low of $23.94 and a 12 month high of $49.05. The stock has a market cap of $22.22 billion, a P/E ratio of 10.12, a P/E/G ratio of 3.20 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.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the business earned $1.16 EPS. The business's quarterly revenue was down 26.6% on a year-over-year basis. Research analysts predict that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics's dividend payout ratio (DPR) is presently 14.81%.

Analyst Ratings Changes

STM has been the subject of a number of analyst reports. Robert W. Baird decreased their price target on STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating for the company in a report on Friday, November 1st. StockNews.com downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating in a research note on Thursday, September 19th. Morgan Stanley downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Monday, November 4th. BNP Paribas initiated coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price objective for the company. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, STMicroelectronics presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.26.

About STMicroelectronics

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.