15,438 Shares in STMicroelectronics (NYSE:STM) Bought by Guided Capital Wealth Management LLC

Guided Capital Wealth Management LLC purchased a new stake in STMicroelectronics (NYSE:STM - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 15,438 shares of the semiconductor producer's stock, valued at approximately $385,000. STMicroelectronics makes up about 0.4% of Guided Capital Wealth Management LLC's investment portfolio, making the stock its 26th biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp increased its holdings in STMicroelectronics by 0.7% in the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock valued at $2,048,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of STMicroelectronics by 81.4% in the 4th 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. Moran Wealth Management LLC increased its stake in STMicroelectronics by 0.9% in the 3rd quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer's stock valued at $2,039,000 after purchasing an additional 634 shares in the last quarter. Ballentine Partners LLC raised its holdings in STMicroelectronics by 7.7% during the third quarter. Ballentine Partners LLC now owns 10,278 shares of the semiconductor producer's stock worth $306,000 after purchasing an additional 733 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in STMicroelectronics by 5.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 15,267 shares of the semiconductor producer's stock worth $454,000 after purchasing an additional 736 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analysts Set New Price Targets

STM has been the subject of several research reports. Sanford C. Bernstein downgraded STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating and reduced their price target for the company from $32.00 to $25.00 in a report on Monday, January 13th. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday. Robert W. Baird reduced their target price on STMicroelectronics from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Finally, BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, STMicroelectronics currently has an average rating of "Hold" and an average target price of $31.26.

STMicroelectronics Trading Up 2.3 %

Shares of STM stock traded up $0.55 during trading hours on Friday, hitting $24.46. 3,040,415 shares of the company were exchanged, compared to its average volume of 6,889,511. The firm has a fifty day moving average of $24.71 and a 200 day moving average of $27.00. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $49.05. The firm has a market cap of $22.09 billion, a PE ratio of 14.73, a PEG ratio of 0.97 and a beta of 1.51.

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

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics's dividend payout ratio is presently 18.67%.

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.