Wealth Enhancement Advisory Services LLC Purchases 1,184 Shares of STMicroelectronics (NYSE:STM)

Wealth Enhancement Advisory Services LLC boosted its stake in STMicroelectronics (NYSE:STM) by 13.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,323 shares of the semiconductor producer’s stock after buying an additional 1,184 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in STMicroelectronics were worth $258,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Deutsche Bank AG grew its stake in shares of STMicroelectronics by 14.5% during the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer’s stock worth $92,000 after acquiring an additional 466 shares during the period. PNC Financial Services Group Inc. increased its stake in STMicroelectronics by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after purchasing an additional 539 shares during the period. Russell Investments Group Ltd. increased its stake in STMicroelectronics by 16.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer’s stock worth $127,000 after purchasing an additional 700 shares during the period. Callan Capital LLC increased its stake in STMicroelectronics by 11.9% in the 4th quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer’s stock worth $214,000 after purchasing an additional 913 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 921 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 2.4%

STMicroelectronics stock opened at $29.20 on Monday. The stock has a market cap of $26.23 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a one year low of $17.25 and a one year high of $43.35. The stock has a fifty day moving average of $24.15 and a 200 day moving average of $24.41.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 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 predict that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics’s payout ratio is 25.42%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STM. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday, April 25th. TD Cowen boosted their target price on STMicroelectronics from $23.00 to $30.00 and gave the stock a “hold” rating in a report on Friday. Finally, Dbs Bank downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics presently has an average rating of “Hold” and an average price target of $31.97.

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.