J2 Capital Management Inc bought a new position in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,813 shares of the semiconductor producer's stock, valued at approximately $295,000.
A number of other large investors have also bought and sold shares of STM. Truvestments Capital LLC acquired a new stake in STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the third quarter valued at approximately $30,000. GAMMA Investing LLC raised 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 last quarter. Waldron Private Wealth LLC acquired a new position in STMicroelectronics during the 3rd quarter worth $34,000. Finally, TD Private Client Wealth LLC boosted its position 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 buying an additional 809 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.
STMicroelectronics Trading Up 3.0 %
STM stock traded up $0.74 during midday trading on Friday, hitting $25.43. 4,580,012 shares of the company's stock were exchanged, compared to its average volume of 4,744,700. STMicroelectronics has a one year low of $23.66 and a one year high of $49.05. The stock's fifty day moving average price is $25.43 and its 200-day moving average price is $29.17. The company has a market cap of $22.97 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 4.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. STMicroelectronics's quarterly revenue was down 26.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.16 EPS. Research analysts predict that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.
STMicroelectronics Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.42%. STMicroelectronics's dividend payout ratio is currently 12.76%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. Susquehanna restated a "positive" rating and set a $33.00 target price on shares of STMicroelectronics in a research report on Thursday, November 21st. BNP Paribas began coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target for the company. 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 note on Friday, November 1st. Finally, Citigroup raised shares of STMicroelectronics to a "strong-buy" rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $34.11.
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About STMicroelectronics
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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.
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