Whittier Trust Co. Increases Holdings in STMicroelectronics (NYSE:STM)

Whittier Trust Co. lifted its position in STMicroelectronics (NYSE:STMFree Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,411 shares of the semiconductor producer’s stock after purchasing an additional 1,181 shares during the period. Whittier Trust Co.’s holdings in STMicroelectronics were worth $422,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of STMicroelectronics by 13.2% in the second quarter. BlackRock Inc. now owns 3,556,966 shares of the semiconductor producer’s stock valued at $177,813,000 after purchasing an additional 413,497 shares during the period. Morgan Stanley boosted its holdings in shares of STMicroelectronics by 36.6% in the third quarter. Morgan Stanley now owns 3,005,136 shares of the semiconductor producer’s stock valued at $129,702,000 after purchasing an additional 805,136 shares during the period. Capital International Investors lifted its holdings in STMicroelectronics by 3.0% during the first quarter. Capital International Investors now owns 2,857,566 shares of the semiconductor producer’s stock worth $128,133,000 after buying an additional 83,859 shares during the period. Point72 Asset Management L.P. lifted its holdings in STMicroelectronics by 4.4% during the second quarter. Point72 Asset Management L.P. now owns 2,237,934 shares of the semiconductor producer’s stock worth $111,874,000 after buying an additional 93,385 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in STMicroelectronics by 0.6% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 2,229,200 shares of the semiconductor producer’s stock worth $96,212,000 after buying an additional 12,476 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM stock opened at $43.30 on Monday. The business’s fifty day simple moving average is $45.22 and its 200-day simple moving average is $44.86. The company has a market cap of $39.09 billion, a PE ratio of 9.71, a PEG ratio of 2.83 and a beta of 1.69. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. STMicroelectronics has a 12-month low of $37.21 and a 12-month high of $55.85.

STMicroelectronics (NYSE:STMGet Free Report) last released its earnings results on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The firm had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $1.32 EPS. The firm’s revenue was down 3.2% on a year-over-year basis. Analysts expect that STMicroelectronics will post 3.06 earnings per share for the current fiscal year.

STMicroelectronics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.83%. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, June 25th. STMicroelectronics’s dividend payout ratio is presently 4.48%.

Analyst Ratings Changes

STM has been the subject of a number of analyst reports. StockNews.com lowered STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. HSBC assumed coverage on STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating for the company. Craig Hallum reduced their price target on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. Finally, UBS Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.75.

Check Out Our Latest Analysis on STM

STMicroelectronics Company Profile

(Free Report)

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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