Brandes Investment Partners LP Has $40.65 Million Stake in STMicroelectronics N.V. $STM

Brandes Investment Partners LP grew its stake in STMicroelectronics N.V. (NYSE:STM) by 20.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,566,965 shares of the semiconductor producer’s stock after purchasing an additional 265,108 shares during the period. Brandes Investment Partners LP owned about 0.17% of STMicroelectronics worth $40,647,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of STM. Amundi acquired a new stake in STMicroelectronics in the 1st quarter worth $947,000. AQR Capital Management LLC lifted its holdings in shares of STMicroelectronics by 182.8% during the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after acquiring an additional 20,745 shares during the period. Legal & General Group Plc bought a new stake in STMicroelectronics in the second quarter valued at about $119,000. M&T Bank Corp acquired a new position in STMicroelectronics in the second quarter worth about $303,000. Finally, EverSource Wealth Advisors LLC raised its position in STMicroelectronics by 79.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock worth $148,000 after purchasing an additional 2,156 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research note on Friday, April 24th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Craig Hallum upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, April 23rd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.81.

STMicroelectronics Trading Down 2.2%

Shares of STM stock opened at $73.35 on Wednesday. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a market capitalization of $65.88 billion, a P/E ratio of 458.49 and a beta of 1.94. The firm has a 50-day moving average price of $54.68 and a 200 day moving average price of $38.12. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12.

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

STMicroelectronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be issued a dividend of $0.09 per share. 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 dividend payout ratio (DPR) is currently 193.75%.

About STMicroelectronics

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.