GAMMA Investing LLC Boosts Holdings in STMicroelectronics N.V. (NYSE:STM)

GAMMA Investing LLC grew its position in shares of STMicroelectronics N.V. (NYSE:STM) by 1,758.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,982 shares of the semiconductor producer’s stock after purchasing an additional 20,799 shares during the period. GAMMA Investing LLC’s holdings in STMicroelectronics were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STM. Smartleaf Asset Management LLC grew its position in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares in the last quarter. Rakuten Securities Inc. grew its position in shares of STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock worth $44,000 after buying an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $53,000. Deutsche Bank AG grew its position in shares of STMicroelectronics by 14.5% during the fourth quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer’s stock worth $92,000 after buying an additional 466 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $107,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

STM has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of STMicroelectronics from $23.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Friday, April 25th. Finally, Dbs Bank downgraded shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of “Hold” and an average price target of $29.67.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $29.03 on Friday. The company has a market cap of $26.07 billion, a PE ratio of 24.60, a P/E/G ratio of 1.81 and a beta of 1.56. The company has a fifty day moving average price of $24.89 and a two-hundred day moving average price of $24.52. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.05 and a quick ratio of 2.24. STMicroelectronics N.V. has a 12 month low of $17.25 and a 12 month high of $43.32.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data 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 firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a net margin of 8.94% and a return on equity of 6.28%. Research analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics’s dividend payout ratio (DPR) is 26.27%.

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.