Columbia Partners L.L.C. Investment Management grew its stake in STMicroelectronics NV (NYSE:STM) by 40.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,564 shares of the semiconductor producer’s stock after purchasing an additional 25,000 shares during the period. Columbia Partners L.L.C. Investment Management’s holdings in STMicroelectronics were worth $1,605,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in shares of STMicroelectronics by 6,533.7% in the second quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock valued at $27,575,000 after purchasing an additional 1,227,821 shares during the period. Marshall Wace LLP acquired a new position in shares of STMicroelectronics in the second quarter valued at approximately $3,005,000. Centaurus Financial Inc. acquired a new position in shares of STMicroelectronics in the second quarter valued at approximately $125,000. Raymond James & Associates increased its holdings in shares of STMicroelectronics by 11.0% in the second quarter. Raymond James & Associates now owns 121,516 shares of the semiconductor producer’s stock valued at $2,688,000 after purchasing an additional 12,077 shares during the period. Finally, Pittenger & Anderson Inc. increased its holdings in shares of STMicroelectronics by 52.5% in the second quarter. Pittenger & Anderson Inc. now owns 30,500 shares of the semiconductor producer’s stock valued at $675,000 after purchasing an additional 10,500 shares during the period. 4.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of STM stock opened at $14.85 on Monday. STMicroelectronics NV has a 1-year low of $13.39 and a 1-year high of $26.43. The firm has a market cap of $13.31 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a current ratio of 2.54, a quick ratio of 1.81 and a debt-to-equity ratio of 0.27.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.04. STMicroelectronics had a return on equity of 21.97% and a net margin of 12.41%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. STMicroelectronics’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts predict that STMicroelectronics NV will post 1.39 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, December 17th. STMicroelectronics’s dividend payout ratio is presently 20.41%.
STM has been the topic of a number of recent research reports. Craig Hallum dropped their target price on STMicroelectronics from $28.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. ValuEngine lowered STMicroelectronics from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Zacks Investment Research raised STMicroelectronics from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Baader Bank reaffirmed a “hold” rating on shares of STMicroelectronics in a report on Wednesday, October 24th. Finally, Deutsche Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.48.
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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