Deutsche Bank AG Increases Stock Position in STMicroelectronics (NYSE:STM)

Deutsche Bank AG lifted its holdings in STMicroelectronics (NYSE:STM) by 14.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,682 shares of the semiconductor producer’s stock after buying an additional 466 shares during the quarter. Deutsche Bank AG’s holdings in STMicroelectronics were worth $92,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STM. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 921 shares in the last quarter. Rakuten Securities Inc. grew its position in STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after purchasing an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in STMicroelectronics during the fourth quarter valued at approximately $53,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in STMicroelectronics during the fourth quarter valued at approximately $107,000. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $25.66 on Wednesday. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 1.16 and a beta of 1.53. The firm’s 50 day simple moving average is $22.71 and its 200 day simple moving average is $24.18. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $45.39.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.40%. STMicroelectronics’s dividend payout ratio (DPR) is presently 25.42%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on STM shares. TD Cowen lifted their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the company a “hold” rating in a research note on Friday, April 25th. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Bank of America downgraded shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.97.

About STMicroelectronics

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.