Wells Fargo & Company MN Increases Position in STMicroelectronics NV (STM)

Wells Fargo & Company MN boosted its position in STMicroelectronics NV (NYSE:STM) by 1.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 337,733 shares of the semiconductor producer’s stock after acquiring an additional 5,752 shares during the period. Wells Fargo & Company MN’s holdings in STMicroelectronics were worth $7,377,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. bought a new stake in STMicroelectronics in the 3rd quarter valued at about $197,000. Dean Capital Investments Management LLC bought a new stake in STMicroelectronics in the 4th quarter valued at about $206,000. Cetera Advisor Networks LLC bought a new stake in STMicroelectronics in the 4th quarter valued at about $286,000. Millie Capital Management LLC bought a new stake in STMicroelectronics in the 4th quarter valued at about $335,000. Finally, FNY Managed Accounts LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at about $388,000. Institutional investors and hedge funds own 4.71% of the company’s stock.

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STMicroelectronics NV (NYSE STM) opened at $22.66 on Monday. The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $20,316.73, a PE ratio of 25.46, a price-to-earnings-growth ratio of 3.39 and a beta of 0.75. STMicroelectronics NV has a twelve month low of $14.07 and a twelve month high of $25.30.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, January 25th. The semiconductor producer reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.06. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. equities research analysts expect that STMicroelectronics NV will post 1.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Monday, March 19th. STMicroelectronics’s payout ratio is presently 22.47%.

A number of equities research analysts recently issued reports on STM shares. Credit Suisse Group upgraded STMicroelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Vetr lowered STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 target price for the company. in a report on Friday, January 19th. ValuEngine raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Craig Hallum reaffirmed a “buy” rating and set a $30.00 target price (up previously from $26.00) on shares of STMicroelectronics in a report on Thursday, January 25th. Finally, Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.39.

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About STMicroelectronics

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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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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