Fmr LLC acquired a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,418,660 shares of the semiconductor producer’s stock, valued at approximately $21,932,000. Fmr LLC owned 0.16% of STMicroelectronics N.V. as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of STM. Comerica Bank raised its stake in STMicroelectronics N.V. by 12.8% in the fourth quarter. Comerica Bank now owns 51,614 shares of the semiconductor producer’s stock valued at $600,000 after buying an additional 5,837 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in STMicroelectronics N.V. during the fourth quarter valued at about $133,000. Envestnet Asset Management Inc. raised its stake in STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock valued at $119,000 after buying an additional 1,771 shares during the last quarter. Nepsis Capital Management Inc. bought a new stake in STMicroelectronics N.V. during the first quarter valued at about $7,334,000. Finally, Creative Planning raised its stake in STMicroelectronics N.V. by 923.8% in the first quarter. Creative Planning now owns 99,393 shares of the semiconductor producer’s stock valued at $1,537,000 after buying an additional 89,685 shares during the last quarter. 4.92% of the stock is owned by institutional investors and hedge funds.
Shares of STMicroelectronics N.V. (NYSE:STM) opened at 16.08 on Monday. STMicroelectronics N.V. has a 1-year low of $5.95 and a 1-year high of $17.34. The stock has a 50 day moving average price of $15.97 and a 200 day moving average price of $14.47. The company has a market capitalization of $14.21 billion, a price-to-earnings ratio of 45.17 and a beta of 0.64.
STMicroelectronics N.V. (NYSE:STM) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.02. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.82 billion. STMicroelectronics N.V. had a return on equity of 8.14% and a net margin of 4.37%. The company’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, equities analysts anticipate that STMicroelectronics N.V. will post $0.77 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Tuesday, June 27th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.24 annualized dividend and a yield of 1.49%. STMicroelectronics N.V.’s payout ratio is 55.56%.
STM has been the subject of several analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $20.00 price objective on shares of STMicroelectronics N.V. in a research note on Thursday, April 27th. Robert W. Baird raised their price objective on STMicroelectronics N.V. from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Stifel Nicolaus lowered STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. Zacks Investment Research lowered STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Finally, BidaskClub lowered STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.88.
STMicroelectronics N.V. 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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