Cerity Partners LLC Takes $364,000 Position in STMicroelectronics (NYSE:STM)

Cerity Partners LLC acquired a new stake in STMicroelectronics (NYSE:STMGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,561 shares of the semiconductor producer’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Inspire Investing LLC boosted its holdings in shares of STMicroelectronics by 26.4% in the second quarter. Inspire Investing LLC now owns 30,601 shares of the semiconductor producer’s stock valued at $963,000 after acquiring an additional 6,389 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of STMicroelectronics in the second quarter valued at approximately $39,000. MQS Management LLC bought a new position in shares of STMicroelectronics in the second quarter valued at approximately $658,000. Fieldpoint Private Securities LLC boosted its holdings in shares of STMicroelectronics by 107.6% in the second quarter. Fieldpoint Private Securities LLC now owns 2,201 shares of the semiconductor producer’s stock valued at $69,000 after acquiring an additional 1,141 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in shares of STMicroelectronics by 130.8% in the second quarter. Vestmark Advisory Solutions Inc. now owns 21,546 shares of the semiconductor producer’s stock valued at $678,000 after acquiring an additional 12,210 shares in the last quarter. 4.84% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Down 0.1 %

Shares of NYSE:STM opened at $38.31 on Monday. STMicroelectronics has a 52 week low of $28.35 and a 52 week high of $52.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 2.43. The company has a market cap of $34.80 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.46. The firm has a 50 day simple moving average of $33.75 and a 200 day simple moving average of $35.12.

STMicroelectronics (NYSE:STMGet Rating) last released its earnings results on Thursday, October 27th. The semiconductor producer reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. STMicroelectronics had a net margin of 22.69% and a return on equity of 34.37%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.19 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 35.2% compared to the same quarter last year. As a group, research analysts expect that STMicroelectronics will post 4 earnings per share for the current year.

STMicroelectronics Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Tuesday, December 13th will be given a $0.06 dividend. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.63%. STMicroelectronics’s dividend payout ratio is presently 5.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STM. Societe Generale set a €71.00 ($73.20) target price on shares of STMicroelectronics in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of STMicroelectronics from €48.00 ($49.48) to €45.00 ($46.39) and set a “buy” rating for the company in a report on Friday, October 28th. William Blair began coverage on shares of STMicroelectronics in a report on Monday, October 17th. They set a “market perform” rating for the company. Cowen raised their target price on shares of STMicroelectronics from $44.00 to $50.00 in a report on Friday, July 29th. Finally, Cowen raised their target price on shares of STMicroelectronics from $44.00 to $50.00 in a report on Friday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Hold” and an average target price of $52.56.

STMicroelectronics Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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