Orion Portfolio Solutions LLC Sells 30,044 Shares of STMicroelectronics (NYSE:STM)

Orion Portfolio Solutions LLC decreased its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 79.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,809 shares of the semiconductor producer's stock after selling 30,044 shares during the period. Orion Portfolio Solutions LLC's holdings in STMicroelectronics were worth $232,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in STM. Truvestments Capital LLC bought a new stake in STMicroelectronics in the third quarter valued at $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $30,000. Waldron Private Wealth LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at about $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in STMicroelectronics by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer's stock worth $49,000 after buying an additional 734 shares during the period. Finally, Ridgewood Investments LLC bought a new position in STMicroelectronics in the second quarter worth approximately $51,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna restated a "positive" rating and set a $33.00 price objective on shares of STMicroelectronics in a report on Thursday, November 21st. Citigroup upgraded shares of STMicroelectronics to a "strong-buy" rating in a report on Thursday, October 10th. StockNews.com cut shares of STMicroelectronics from a "buy" rating to a "hold" rating in a report on Thursday, September 19th. Morgan Stanley lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Monday, November 4th. Finally, BNP Paribas assumed coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.26.

STMicroelectronics Stock Up 0.5 %

NYSE:STM traded up $0.13 on Friday, hitting $24.61. The stock had a trading volume of 7,982,451 shares, compared to its average volume of 4,164,306. STMicroelectronics has a 1 year low of $23.95 and a 1 year high of $50.94. The firm's fifty day simple moving average is $26.43 and its two-hundred day simple moving average is $31.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The stock has a market cap of $22.23 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 3.20 and a beta of 1.53.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.04. The business had revenue of $3.25 billion for 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 last year, the company posted $1.16 earnings per share. Analysts predict that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 annualized dividend and a yield of 1.46%. STMicroelectronics's payout ratio is currently 12.35%.

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.