STMicroelectronics (NYSE:STM) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of STMicroelectronics (NYSE:STM) by 16.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,102 shares of the semiconductor producer’s stock after acquiring an additional 7,718 shares during the period. Janney Montgomery Scott LLC’s holdings in STMicroelectronics were worth $1,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Portfolio Solutions LLC increased its holdings in shares of STMicroelectronics by 374.5% during the 1st quarter. Orion Portfolio Solutions LLC now owns 38,010 shares of the semiconductor producer’s stock valued at $1,644,000 after purchasing an additional 29,999 shares in the last quarter. Washington Capital Management Inc. purchased a new position in shares of STMicroelectronics during the 3rd quarter valued at approximately $1,112,000. Jane Street Group LLC increased its holdings in shares of STMicroelectronics by 153.8% during the 1st quarter. Jane Street Group LLC now owns 178,483 shares of the semiconductor producer’s stock valued at $7,718,000 after purchasing an additional 108,152 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of STMicroelectronics during the 1st quarter valued at approximately $554,000. Finally, Lazard Asset Management LLC increased its holdings in shares of STMicroelectronics by 1,564,831.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,079,803 shares of the semiconductor producer’s stock valued at $46,690,000 after purchasing an additional 1,079,734 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STM has been the subject of several recent research reports. Robert W. Baird cut their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Susquehanna cut their price target on shares of STMicroelectronics from $35.00 to $33.00 and set a “positive” rating for the company in a report on Friday, November 1st. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Sanford C. Bernstein cut their price target on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Finally, Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average price target of $37.63.

STMicroelectronics Trading Down 4.7 %

Shares of STM stock opened at $25.88 on Thursday. The company’s 50-day moving average price is $27.96 and its 200-day moving average price is $34.58. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 10.65, a PEG ratio of 3.30 and a beta of 1.57. STMicroelectronics has a twelve month low of $25.69 and a twelve month high of $51.27.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the prior year, the company posted $1.16 earnings per share. STMicroelectronics’s revenue for the quarter was down 26.6% compared to the same quarter last year. As a group, equities analysts predict that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.39%. STMicroelectronics’s dividend payout ratio 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.