Vanguard Personalized Indexing Management LLC Purchases 3,980 Shares of STMicroelectronics (NYSE:STM)

Vanguard Personalized Indexing Management LLC boosted its position in STMicroelectronics (NYSE:STM) by 17.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,939 shares of the semiconductor producer’s stock after acquiring an additional 3,980 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in STMicroelectronics were worth $1,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of STMicroelectronics in the 1st quarter valued at about $28,000. Whittier Trust Co. of Nevada Inc. boosted its stake in STMicroelectronics by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after acquiring an additional 734 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in STMicroelectronics during the 2nd quarter worth $51,000. EverSource Wealth Advisors LLC raised its position in shares of STMicroelectronics by 59.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,663 shares of the semiconductor producer’s stock valued at $83,000 after acquiring an additional 620 shares during the last quarter. Finally, Denver PWM LLC bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at $72,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

STM stock opened at $27.91 on Tuesday. The stock has a market cap of $25.21 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 3.35 and a beta of 1.58. The stock has a 50-day moving average price of $31.68 and a two-hundred day moving average price of $38.46. STMicroelectronics has a 1 year low of $27.44 and a 1 year high of $51.27. The company has a current ratio of 3.35, a quick ratio of 2.56 and a debt-to-equity ratio of 0.17.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. STMicroelectronics had a return on equity of 18.18% and a net margin of 19.68%. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the previous year, the business posted $1.06 EPS. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. Equities analysts forecast that STMicroelectronics will post 1.66 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, December 17th. STMicroelectronics’s dividend payout ratio (DPR) is currently 7.69%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group raised STMicroelectronics from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.50 to $45.80 in a research note on Tuesday, June 18th. Sanford C. Bernstein decreased their target price on STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. TD Cowen decreased their price objective on shares of STMicroelectronics from $50.00 to $40.00 and set a “buy” rating for the company in a report on Friday, July 26th. Finally, Craig Hallum cut their target price on shares of STMicroelectronics from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, July 25th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.13.

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.