Hantz Financial Services Inc. Makes New $1.37 Million Investment in STMicroelectronics (NYSE:STM)

Hantz Financial Services Inc. acquired a new stake in shares of STMicroelectronics (NYSE:STM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 54,674 shares of the semiconductor producer's stock, valued at approximately $1,365,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in STMicroelectronics in the third quarter worth about $25,000. Archer Investment Corp bought a new position in STMicroelectronics during the third quarter valued at approximately $30,000. Waldron Private Wealth LLC purchased a new stake in STMicroelectronics in the third quarter worth approximately $34,000. GAMMA Investing LLC grew its position in 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 purchasing an additional 531 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after buying an additional 809 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Susquehanna cut their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a report on Thursday, October 10th. Finally, Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, STMicroelectronics has an average rating of "Hold" and an average target price of $33.40.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock traded down $0.12 during trading on Friday, reaching $22.41. 10,695,221 shares of the stock traded hands, compared to its average volume of 5,629,090. STMicroelectronics has a 52-week low of $21.96 and a 52-week high of $49.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. The business has a fifty day simple moving average of $25.29 and a two-hundred day simple moving average of $28.04. The company has a market capitalization of $20.24 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 4.36 and a beta of 1.52.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. Sell-side analysts expect 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. Investors of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics's payout ratio is 12.76%.

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.