STMicroelectronics (NYSE:STM) Shares Sold by RMR Wealth Builders

RMR Wealth Builders decreased its stake in STMicroelectronics (NYSE:STM) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,870 shares of the semiconductor producer’s stock after selling 1,406 shares during the period. RMR Wealth Builders’ holdings in STMicroelectronics were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of STMicroelectronics by 11.2% in the fourth quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock valued at $135,000 after purchasing an additional 272 shares during the period. Sage Rhino Capital LLC acquired a new stake in shares of STMicroelectronics in the fourth quarter valued at about $212,000. SG Americas Securities LLC acquired a new stake in shares of STMicroelectronics in the fourth quarter valued at about $2,141,000. FMR LLC lifted its stake in shares of STMicroelectronics by 27.9% in the third quarter. FMR LLC now owns 589,282 shares of the semiconductor producer’s stock valued at $25,433,000 after purchasing an additional 128,707 shares during the period. Finally, Modera Wealth Management LLC lifted its stake in shares of STMicroelectronics by 5.7% in the third quarter. Modera Wealth Management LLC now owns 110,423 shares of the semiconductor producer’s stock valued at $4,766,000 after purchasing an additional 5,957 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

STM has been the subject of a number of research reports. William Blair restated a “market perform” rating on shares of STMicroelectronics in a research report on Friday, April 26th. Susquehanna restated a “positive” rating and set a $55.00 target price on shares of STMicroelectronics in a research report on Monday, April 8th. Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Craig Hallum lowered their price target on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Finally, HSBC assumed coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.75.

STMicroelectronics Trading Down 0.8 %

STMicroelectronics stock traded down $0.34 during trading on Wednesday, reaching $40.35. The company had a trading volume of 3,594,938 shares, compared to its average volume of 3,604,017. STMicroelectronics has a 12-month low of $37.21 and a 12-month high of $55.85. The stock’s 50 day moving average price is $42.93 and its two-hundred day moving average price is $44.41. The firm has a market capitalization of $36.42 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 3.76 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.58 and a current ratio of 3.34.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a net margin of 22.30% and a return on equity of 22.95%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the firm posted $1.10 earnings per share. STMicroelectronics’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, equities analysts expect that STMicroelectronics will post 2.13 earnings per share for the current fiscal year.

STMicroelectronics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders 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 yield of 0.89%. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 25th. STMicroelectronics’s payout ratio is 5.13%.

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.