GAMMA Investing LLC Acquires 531 Shares of STMicroelectronics (NYSE:STM)

GAMMA Investing LLC boosted its holdings in STMicroelectronics (NYSE:STM) by 81.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,183 shares of the semiconductor producer’s stock after purchasing an additional 531 shares during the quarter. GAMMA Investing LLC’s holdings in STMicroelectronics were worth $30,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of STMicroelectronics by 26.5% in the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after buying an additional 1,719,257 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of STMicroelectronics by 177.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after acquiring an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after acquiring an additional 1,216,300 shares during the last quarter. American Century Companies Inc. increased its position in STMicroelectronics by 6.5% in the second quarter. American Century Companies Inc. now owns 469,669 shares of the semiconductor producer’s stock worth $18,449,000 after purchasing an additional 28,846 shares during the last quarter. Finally, Mediolanum International Funds Ltd bought a new stake in STMicroelectronics in the third quarter worth $7,642,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on STM. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Morgan Stanley downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Craig Hallum dropped their target price on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Susquehanna restated a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a report on Thursday, November 21st. Finally, Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $34.11.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock opened at $24.31 on Wednesday. The business has a 50-day simple moving average of $25.58 and a 200-day simple moving average of $29.60. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. STMicroelectronics has a one year low of $23.66 and a one year high of $49.05. The company has a market cap of $21.96 billion, a PE ratio of 10.00, a P/E/G ratio of 3.20 and a beta of 1.52.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s revenue was down 26.6% compared to the same quarter last year. On average, equities research analysts forecast 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. Shareholders of record on Tuesday, March 25th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. STMicroelectronics’s dividend payout ratio is presently 14.81%.

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.