SG Americas Securities LLC Boosts Stock Position in STMicroelectronics (NYSE:STM)

SG Americas Securities LLC grew its stake in shares of STMicroelectronics (NYSE:STM) by 426.0% during the first quarter, Holdings Channel reports. The institutional investor owned 233,565 shares of the semiconductor producer’s stock after buying an additional 189,160 shares during the period. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $5,129,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in STMicroelectronics by 131.5% during the 4th quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer’s stock valued at $85,232,000 after purchasing an additional 1,939,088 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in STMicroelectronics by 576.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock valued at $47,962,000 after purchasing an additional 1,636,707 shares during the period. Voloridge Investment Management LLC raised its stake in STMicroelectronics by 39.2% during the 4th quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer’s stock valued at $83,165,000 after purchasing an additional 938,097 shares during the period. Invesco Ltd. raised its stake in STMicroelectronics by 94.4% during the 4th quarter. Invesco Ltd. now owns 1,767,787 shares of the semiconductor producer’s stock valued at $44,142,000 after purchasing an additional 858,624 shares during the period. Finally, Two Sigma Investments LP raised its stake in STMicroelectronics by 19.4% during the 4th quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer’s stock valued at $111,750,000 after purchasing an additional 725,684 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research note on Friday, April 25th. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Dbs Bank downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 28th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, TD Cowen upped their price objective on STMicroelectronics from $18.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $30.97.

STMicroelectronics Stock Down 0.1%

Shares of STM opened at $29.87 on Friday. The stock has a market capitalization of $26.83 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The business’s 50 day simple moving average is $23.92 and its 200-day simple moving average is $24.40. STMicroelectronics has a 1 year low of $17.25 and a 1 year high of $44.50.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics’s dividend payout ratio is currently 25.42%.

About STMicroelectronics

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.