Brooklyn Investment Group raised its holdings in shares of STMicroelectronics N.V. (NYSE:STM – Free Report) by 1,275.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,678 shares of the semiconductor producer’s stock after purchasing an additional 4,338 shares during the period. Brooklyn Investment Group’s holdings in STMicroelectronics were worth $103,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in STM. Invesco Ltd. increased its position in shares of STMicroelectronics by 188.1% during the first quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer’s stock worth $111,860,000 after purchasing an additional 3,325,998 shares in the last quarter. Voloridge Investment Management LLC increased its position in shares of STMicroelectronics by 39.2% during the fourth quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer’s stock worth $83,165,000 after purchasing an additional 938,097 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of STMicroelectronics by 19.4% during the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer’s stock valued at $111,750,000 after buying an additional 725,684 shares during the last quarter. Foresight Global Investors Inc. purchased a new stake in shares of STMicroelectronics during the first quarter valued at $11,154,000. Finally, Two Sigma Advisers LP grew its holdings in shares of STMicroelectronics by 35.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer’s stock valued at $47,111,000 after buying an additional 490,000 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.
STMicroelectronics Price Performance
NYSE:STM opened at $25.8850 on Friday. STMicroelectronics N.V. has a one year low of $17.25 and a one year high of $33.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 4.09 and a beta of 1.61. The firm’s fifty day moving average is $28.80 and its two-hundred day moving average is $25.64.
STMicroelectronics Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics’s dividend payout ratio is presently 44.93%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on STM. Baird R W raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. Robert W. Baird raised shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and upped their price target for the company from $23.00 to $50.00 in a report on Tuesday, July 22nd. Oddo Bhf raised shares of STMicroelectronics to an “outperform” rating in a report on Wednesday, July 2nd. Susquehanna upped their price target on shares of STMicroelectronics from $30.00 to $40.00 and gave the company a “positive” rating in a report on Tuesday, July 22nd. Finally, TD Cowen lowered their price target on shares of STMicroelectronics from $34.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.21.
View Our Latest Stock Analysis on STMicroelectronics
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.
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