Yousif Capital Management LLC Has $219,000 Position in STMicroelectronics (NYSE:STM)

Yousif Capital Management LLC trimmed its holdings in shares of STMicroelectronics (NYSE:STM) by 38.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,774 shares of the semiconductor producer’s stock after selling 5,400 shares during the period. Yousif Capital Management LLC’s holdings in STMicroelectronics were worth $219,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of STM. Creative Planning boosted its position in STMicroelectronics by 10.9% during the third quarter. Creative Planning now owns 66,113 shares of the semiconductor producer’s stock valued at $1,966,000 after purchasing an additional 6,509 shares during the last quarter. Blue Trust Inc. raised its stake in shares of STMicroelectronics by 65.2% during the 3rd quarter. Blue Trust Inc. now owns 9,668 shares of the semiconductor producer’s stock worth $287,000 after purchasing an additional 3,814 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of STMicroelectronics by 25.3% in the 3rd quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer’s stock valued at $5,719,000 after buying an additional 38,874 shares during the last quarter. Eastern Bank bought a new position in shares of STMicroelectronics in the third quarter valued at $178,000. Finally, Waldron Private Wealth LLC acquired a new position in STMicroelectronics during the third quarter worth $34,000. Institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on STM shares. Barclays cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Sanford C. Bernstein downgraded STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Robert W. Baird reduced their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.26.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $24.46 on Tuesday. 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 firm has a market cap of $22.09 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.97 and a beta of 1.51. The stock’s fifty day moving average price is $24.67 and its two-hundred day moving average price is $26.90. STMicroelectronics has a one year low of $21.36 and a one year high of $49.05.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities analysts forecast that STMicroelectronics will post 0.82 EPS for the current year.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.47%. STMicroelectronics’s payout ratio is 18.67%.

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.