STMicroelectronics (NYSE:STM) Shares Sold by Paradiem LLC

Paradiem LLC decreased its holdings in shares of STMicroelectronics (NYSE:STM) by 57.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,768 shares of the semiconductor producer’s stock after selling 17,372 shares during the period. Paradiem LLC’s holdings in STMicroelectronics were worth $640,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Thomas J. Herzfeld Advisors Inc. increased its holdings in STMicroelectronics by 548.4% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock valued at $25,000 after buying an additional 499 shares in the last quarter. Huntington National Bank increased its holdings in STMicroelectronics by 112.7% in the third quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 365 shares in the last quarter. Headlands Technologies LLC purchased a new position in STMicroelectronics in the third quarter valued at about $30,000. Spire Wealth Management increased its holdings in STMicroelectronics by 125.0% in the third quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock valued at $31,000 after buying an additional 400 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in STMicroelectronics in the fourth quarter valued at about $40,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 3.0 %

STM stock traded down $1.27 during trading on Friday, reaching $41.33. The stock had a trading volume of 3,776,167 shares, compared to its average volume of 3,426,394. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $37.31 billion, a P/E ratio of 10.60, a PEG ratio of 2.76 and a beta of 1.69. The firm has a fifty day moving average price of $43.75 and a 200 day moving average price of $44.56.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. STMicroelectronics had a return on equity of 23.52% and a net margin of 22.30%. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, equities analysts anticipate that STMicroelectronics will post 2.74 earnings per share for the current year.

STMicroelectronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Tuesday, June 25th. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. STMicroelectronics’s dividend payout ratio is currently 5.13%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STM. William Blair restated a “market perform” rating on shares of STMicroelectronics in a research report on Friday. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday. Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. HSBC initiated coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating on the stock. Finally, Craig Hallum reduced their target price on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $50.75.

STMicroelectronics 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.