Advisory Services Network LLC trimmed its position in STMicroelectronics NV (NYSE:STM) by 88.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,805 shares of the semiconductor producer’s stock after selling 37,231 shares during the quarter. Advisory Services Network LLC’s holdings in STMicroelectronics were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of STMicroelectronics by 20.7% in the 3rd quarter. Wells Fargo & Company MN now owns 331,981 shares of the semiconductor producer’s stock valued at $6,447,000 after acquiring an additional 56,994 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at approximately $388,000. Dorsey Wright & Associates increased its holdings in shares of STMicroelectronics by 45.5% in the 3rd quarter. Dorsey Wright & Associates now owns 268,201 shares of the semiconductor producer’s stock valued at $5,246,000 after acquiring an additional 83,858 shares during the last quarter. Northern Trust Corp increased its holdings in shares of STMicroelectronics by 2.3% in the 2nd quarter. Northern Trust Corp now owns 364,676 shares of the semiconductor producer’s stock valued at $5,244,000 after acquiring an additional 8,347 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in STMicroelectronics by 393.4% during the 3rd quarter. Cetera Advisors LLC now owns 53,484 shares of the semiconductor producer’s stock worth $1,041,000 after buying an additional 42,644 shares during the last quarter. Institutional investors and hedge funds own 4.98% of the company’s stock.
STMicroelectronics NV (STM) opened at $23.16 on Monday. The company has a market capitalization of $20,960.00, a price-to-earnings ratio of 26.32, a P/E/G ratio of 3.52 and a beta of 0.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. STMicroelectronics NV has a 52 week low of $14.07 and a 52 week high of $25.30.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, March 19th. This represents a $0.24 dividend on an annualized basis and a yield of 1.04%. STMicroelectronics’s dividend payout ratio (DPR) is presently 22.73%.
A number of research analysts recently commented on the company. ValuEngine upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Kepler Capital Markets upgraded STMicroelectronics from a “reduce” rating to a “hold” rating in a research note on Friday, January 26th. Craig Hallum restated a “buy” rating and set a $30.00 price objective (up from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th. Finally, Vetr downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price objective for the company. in a research note on Friday, January 19th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.85.
STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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