STMicroelectronics (NYSE:STM) Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC cut its stake in STMicroelectronics (NYSE:STM - Free Report) by 29.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,691 shares of the semiconductor producer's stock after selling 14,656 shares during the period. Naples Global Advisors LLC's holdings in STMicroelectronics were worth $891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock worth $228,655,000 after acquiring an additional 1,719,257 shares during the last quarter. Two Sigma Advisers LP raised its position in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the period. Mediolanum International Funds Ltd acquired a new position in STMicroelectronics during the third quarter worth $7,642,000. Raymond James & Associates grew its stake in shares of STMicroelectronics by 25.3% in the third quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer's stock valued at $5,719,000 after buying an additional 38,874 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in STMicroelectronics during the 3rd quarter worth about $4,158,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STM shares. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a report on Monday, December 9th. BNP Paribas began coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price target for the company. Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday. Finally, Robert W. Baird lowered 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.26.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock traded up $0.55 during trading on Monday, hitting $24.46. 3,040,415 shares of the company were exchanged, compared to its average volume of 6,889,511. The stock has a market capitalization of $22.09 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.97 and a beta of 1.51. The firm has a 50 day moving average price of $24.67 and a 200 day moving average price of $26.90. STMicroelectronics has a fifty-two week low of $21.36 and a fifty-two week high of $49.05. 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 (NYSE:STM - Get Free Report) last issued 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 8.92% and a net margin of 11.74%. On average, equities analysts expect that STMicroelectronics will post 0.82 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

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

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.