ClearAlpha Technologies LP Purchases New Stake in STMicroelectronics N.V. $STM

ClearAlpha Technologies LP purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,324 shares of the semiconductor producer’s stock, valued at approximately $294,000.

Several other institutional investors have also made changes to their positions in the stock. Van ECK Associates Corp boosted its holdings in shares of STMicroelectronics by 12.2% during the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock worth $273,211,000 after purchasing an additional 1,145,426 shares during the period. Morgan Stanley grew its stake in STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after purchasing an additional 1,778,113 shares in the last quarter. Bank of America Corp DE grew its stake in STMicroelectronics by 43.9% in the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after purchasing an additional 1,326,020 shares in the last quarter. Invesco Ltd. grew its stake in STMicroelectronics by 67.1% in the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after purchasing an additional 1,608,029 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in STMicroelectronics by 19.1% in the third quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock valued at $112,782,000 after purchasing an additional 641,327 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

NYSE STM opened at $73.36 on Thursday. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market capitalization of $65.89 billion, a PE ratio of 458.55 and a beta of 1.94. The stock has a 50-day simple moving average of $59.65 and a 200 day simple moving average of $40.38.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. Research analysts anticipate that STMicroelectronics N.V. will post 1.17 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $0.36 annualized dividend and a yield of 0.5%. STMicroelectronics’s dividend payout ratio is 193.75%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STM shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Mizuho boosted their target price on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Thursday, May 28th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a research note on Friday, April 24th. Finally, Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, June 10th. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.