Grandview Asset Management LLC Takes Position in STMicroelectronics (NYSE:STM)

Grandview Asset Management LLC purchased a new stake in STMicroelectronics (NYSE:STM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,857 shares of the semiconductor producer's stock, valued at approximately $696,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in shares of STMicroelectronics by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock worth $2,048,000 after acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 purchasing an additional 531 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of STMicroelectronics by 0.9% during the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer's stock worth $2,039,000 after purchasing an additional 634 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of STMicroelectronics by 7.7% in the third 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 in the last quarter. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of STMicroelectronics by 5.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 15,267 shares of the semiconductor producer's stock valued at $454,000 after buying an additional 736 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on STM shares. Robert W. Baird decreased their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Morgan Stanley downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Monday, November 4th. StockNews.com cut STMicroelectronics from a "buy" rating to a "hold" rating in a report on Thursday, September 19th. TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and lowered their price target for the stock from $32.00 to $25.00 in a research report on Monday. Finally, Susquehanna reaffirmed a "positive" rating and issued a $33.00 price objective on shares of STMicroelectronics in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $34.11.

STMicroelectronics Stock Up 1.4 %

STM traded up $0.33 during trading on Tuesday, reaching $24.31. The company had a trading volume of 4,923,448 shares, compared to its average volume of 6,396,005. The business's fifty day moving average price is $25.58 and its 200 day moving average price is $29.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. STMicroelectronics has a 12 month low of $23.66 and a 12 month high of $49.05. The company has a market cap of $21.96 billion, a P/E ratio of 10.00, a PEG ratio of 3.20 and a beta of 1.52.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.27 billion. During the same period in the prior year, the firm earned $1.16 earnings per share. STMicroelectronics's revenue for the quarter was down 26.6% compared to the same quarter last year. Equities analysts anticipate that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. STMicroelectronics's dividend payout ratio is 14.81%.

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.