Blue Trust Inc. Grows Stock Holdings in STMicroelectronics (NYSE:STM)

Blue Trust Inc. boosted its holdings in STMicroelectronics (NYSE:STM) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,159 shares of the semiconductor producer’s stock after buying an additional 1,491 shares during the period. Blue Trust Inc.’s holdings in STMicroelectronics were worth $279,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after acquiring an additional 493 shares during the last quarter. GAMMA Investing LLC increased its stake in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares during the last quarter. Moran Wealth Management LLC lifted its position in shares of STMicroelectronics by 0.9% in the 3rd quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock worth $2,039,000 after buying an additional 634 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of STMicroelectronics by 7.7% in the 3rd quarter. Ballentine Partners LLC now owns 10,278 shares of the semiconductor producer’s stock valued at $306,000 after buying an additional 733 shares during the period. Finally, Legacy Wealth Asset Management LLC grew its position in shares of STMicroelectronics by 5.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 15,267 shares of the semiconductor producer’s stock valued at $454,000 after buying an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

STM has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Susquehanna dropped their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday. Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.40.

STMicroelectronics Trading Down 0.5 %

NYSE STM opened at $22.41 on Monday. The business’s fifty day moving average is $25.29 and its 200 day moving average is $27.95. STMicroelectronics has a twelve month low of $21.96 and a twelve month high of $49.05. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 4.36 and a beta of 1.52. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. As a group, sell-side analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.76%.

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.