Assetmark Inc. Has $1.29 Million Holdings in STMicroelectronics NV (STM)
Assetmark Inc. raised its position in STMicroelectronics NV (NYSE:STM) by 2,132.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,934 shares of the semiconductor producer’s stock after purchasing an additional 56,294 shares during the period. Assetmark Inc.’s holdings in STMicroelectronics were worth $1,287,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Dean Capital Investments Management LLC bought a new position in STMicroelectronics in the 4th quarter valued at $206,000. Moors & Cabot Inc. bought a new position in STMicroelectronics in the 3rd quarter valued at $197,000. Baird Financial Group Inc. bought a new position in STMicroelectronics in the 4th quarter valued at $257,000. Cetera Advisor Networks LLC bought a new position in STMicroelectronics in the 4th quarter valued at $286,000. Finally, Millie Capital Management LLC bought a new position in STMicroelectronics in the 4th quarter valued at $335,000. 4.98% of the stock is owned by hedge funds and other institutional investors.
Shares of STMicroelectronics NV (NYSE STM) opened at $22.20 on Monday. The company has a current ratio of 2.52, a quick ratio of 1.86 and a debt-to-equity ratio of 0.29. The firm has a market cap of $19,740.00, a price-to-earnings ratio of 25.23, a PEG ratio of 3.32 and a beta of 0.75. STMicroelectronics NV has a 52-week low of $14.07 and a 52-week high of $25.30.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 20th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Monday, March 19th. STMicroelectronics’s dividend payout ratio (DPR) is currently 22.73%.
Several brokerages have commented on STM. Kepler Capital Markets raised shares of STMicroelectronics from a “reduce” rating to a “hold” rating in a report on Friday, January 26th. Societe Generale began coverage on shares of STMicroelectronics in a report on Wednesday, January 17th. They issued a “buy” rating for the company. ValuEngine downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Craig Hallum reissued a “buy” rating and issued a $30.00 price target (up from $26.00) on shares of STMicroelectronics in a report on Thursday, January 25th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.85.
STMicroelectronics Company Profile
STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.
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