Van ECK Associates Corp increased its stake in STMicroelectronics N.V. (NYSE:STM – Free Report) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,532,428 shares of the semiconductor producer’s stock after purchasing an additional 1,145,426 shares during the quarter. Van ECK Associates Corp owned 1.17% of STMicroelectronics worth $273,211,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the stock. Earnest Partners LLC increased its holdings in STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after acquiring an additional 534 shares during the last quarter. Vident Advisory LLC increased its holdings in STMicroelectronics by 2.5% in the 3rd quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock valued at $656,000 after acquiring an additional 573 shares during the last quarter. Allworth Financial LP increased its holdings in STMicroelectronics by 16.5% in the 3rd quarter. Allworth Financial LP now owns 4,817 shares of the semiconductor producer’s stock valued at $136,000 after acquiring an additional 684 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in STMicroelectronics by 13.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,214 shares of the semiconductor producer’s stock valued at $161,000 after acquiring an additional 741 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of STMicroelectronics by 4.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,402 shares of the semiconductor producer’s stock worth $503,000 after buying an additional 753 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on STM. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a report on Thursday. Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Wednesday. Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, April 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a report on Thursday, May 28th. Eleven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average target price of $64.39.
STMicroelectronics Stock Performance
Shares of NYSE:STM opened at $77.29 on Friday. The company has a market capitalization of $69.42 billion, a price-to-earnings ratio of 483.12 and a beta of 1.94. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42. The firm’s 50-day moving average is $57.20 and its 200 day moving average is $39.14. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12.
STMicroelectronics (NYSE:STM – Get Free Report) last released its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Research analysts predict that STMicroelectronics N.V. will post 1.17 EPS for the current year.
STMicroelectronics Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s payout ratio is 193.75%.
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.
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