Van ECK Associates Corp Increases Stock Position in STMicroelectronics N.V. $STM

Van ECK Associates Corp increased its position in shares of STMicroelectronics N.V. (NYSE:STM) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,532,428 shares of the semiconductor producer’s stock after acquiring an additional 1,145,426 shares during the quarter. Van ECK Associates Corp’s holdings in STMicroelectronics were worth $273,211,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STM. Invesco Ltd. raised its stake in shares of STMicroelectronics by 67.1% during the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after acquiring an additional 1,608,029 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of STMicroelectronics by 135.0% in the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after acquiring an additional 1,334,192 shares during the period. Bank of America Corp DE increased its stake in shares of STMicroelectronics by 43.9% in the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock worth $132,240,000 after acquiring an additional 1,326,020 shares during the period. BNP Paribas Financial Markets increased its stake in shares of STMicroelectronics by 138.9% in the third quarter. BNP Paribas Financial Markets now owns 2,205,234 shares of the semiconductor producer’s stock worth $62,320,000 after acquiring an additional 1,282,343 shares during the period. Finally, Rafferty Asset Management LLC boosted its holdings in STMicroelectronics by 50.7% during the second quarter. Rafferty Asset Management LLC now owns 3,020,721 shares of the semiconductor producer’s stock worth $91,860,000 after buying an additional 1,016,035 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

STM opened at $77.29 on Friday. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market cap of $69.42 billion, a price-to-earnings ratio of 483.12 and a beta of 1.94. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $81.42. The firm’s fifty day simple moving average is $57.20 and its two-hundred day simple moving average is $39.14.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $3.10 billion for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Equities analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio (DPR) is currently 193.75%.

Wall Street Analyst Weigh In

STM has been the topic of a number of recent analyst reports. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Friday, April 24th. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a report on Friday, April 24th. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a report on Thursday, May 28th. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Finally, Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, April 23rd. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.