LPL Financial LLC Has $2.72 Million Stock Position in STMicroelectronics N.V. $STM

LPL Financial LLC grew its position in STMicroelectronics N.V. (NYSE:STM) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,889 shares of the semiconductor producer’s stock after acquiring an additional 3,959 shares during the period. LPL Financial LLC’s holdings in STMicroelectronics were worth $2,721,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STM. Voloridge Investment Management LLC raised its stake in shares of STMicroelectronics by 39.2% in the fourth quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer’s stock valued at $83,165,000 after acquiring an additional 938,097 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of STMicroelectronics by 19.4% in the fourth quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer’s stock valued at $111,750,000 after acquiring an additional 725,684 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of STMicroelectronics by 35.1% in the fourth quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer’s stock valued at $47,111,000 after acquiring an additional 490,000 shares during the last quarter. Northern Trust Corp raised its stake in shares of STMicroelectronics by 83.3% in the fourth quarter. Northern Trust Corp now owns 616,800 shares of the semiconductor producer’s stock valued at $15,401,000 after acquiring an additional 280,383 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $5,353,000. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STM. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Friday, July 25th. Dbs Bank cut shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 28th. TD Cowen dropped their price objective on shares of STMicroelectronics from $34.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, July 25th. The Goldman Sachs Group set a $26.50 price objective on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, July 25th. Finally, Robert W. Baird upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.21.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $25.66 on Monday. The company’s 50 day moving average price is $29.12 and its two-hundred day moving average price is $25.58. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47. The firm has a market cap of $23.05 billion, a PE ratio of 37.19, a PEG ratio of 4.03 and a beta of 1.61. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%. Equities research analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 dividend on an annualized basis and a yield of 1.4%. STMicroelectronics’s dividend payout ratio (DPR) is currently 44.93%.

STMicroelectronics Company Profile

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.