Pathstone Family Office LLC Has $736,000 Position in STMicroelectronics (NYSE:STM)

Pathstone Family Office LLC grew its position in STMicroelectronics (NYSE:STM – Get Rating) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,793 shares of the semiconductor producer’s stock after buying an additional 1,168 shares during the quarter. Pathstone Family Office LLC’s holdings in STMicroelectronics were worth $736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in STM. SeaCrest Wealth Management LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $39,000. Ellevest Inc. boosted its stake in shares of STMicroelectronics by 286.0% in the 3rd quarter. Ellevest Inc. now owns 1,355 shares of the semiconductor producer’s stock valued at $42,000 after purchasing an additional 1,004 shares during the last quarter. Janiczek Wealth Management LLC boosted its stake in STMicroelectronics by 439.0% during the third quarter. Janiczek Wealth Management LLC now owns 1,466 shares of the semiconductor producer’s stock worth $47,000 after acquiring an additional 1,194 shares in the last quarter. CWM LLC boosted its stake in STMicroelectronics by 49.5% during the third quarter. CWM LLC now owns 1,783 shares of the semiconductor producer’s stock worth $55,000 after acquiring an additional 590 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in STMicroelectronics by 49.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,789 shares of the semiconductor producer’s stock worth $77,000 after acquiring an additional 589 shares in the last quarter. 6.49% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 1.0 %

STM stock opened at $47.80 on Tuesday. The company has a market capitalization of $43.42 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 2.33 and a beta of 1.58. STMicroelectronics has a one year low of $28.35 and a one year high of $50.81. The company’s 50 day moving average price is $45.69 and its two-hundred day moving average price is $38.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 2.56.

STMicroelectronics (NYSE:STM – Get Rating) last posted its quarterly earnings results on Thursday, January 26th. The semiconductor producer reported $1.32 EPS for the quarter, topping the consensus estimate of $1.13 by $0.19. The firm had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.37 billion. STMicroelectronics had a net margin of 24.56% and a return on equity of 36.19%. The business’s revenue was up 24.4% compared to the same quarter last year. During the same period last year, the firm posted $0.82 earnings per share. As a group, analysts predict that STMicroelectronics will post 4.14 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Investors of record on Tuesday, March 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, March 20th. STMicroelectronics’s payout ratio is 4.77%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of STMicroelectronics from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 10th. Craig Hallum increased their target price on shares of STMicroelectronics from $50.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, January 26th. StockNews.com upgraded shares of STMicroelectronics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 26th. Susquehanna Bancshares started coverage on shares of STMicroelectronics in a research report on Monday, December 12th. They set a “positive” rating and a $50.00 price target for the company. Finally, Cowen increased their target price on shares of STMicroelectronics from $50.00 to $56.00 and gave the stock an “outperform” rating in a research report on Friday, January 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $52.70.

About STMicroelectronics

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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog and MEMS Group, and Microcontrollers and Digital ICs Group.