Gallacher Capital Management LLC Grows Position in STMicroelectronics (NYSE:STM)

Gallacher Capital Management LLC grew its stake in STMicroelectronics (NYSE:STM) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,905 shares of the semiconductor producer’s stock after acquiring an additional 327 shares during the quarter. Gallacher Capital Management LLC’s holdings in STMicroelectronics were worth $446,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. SFE Investment Counsel lifted its holdings in STMicroelectronics by 2.8% in the 4th quarter. SFE Investment Counsel now owns 9,551 shares of the semiconductor producer’s stock valued at $479,000 after purchasing an additional 258 shares in the last quarter. M&T Bank Corp boosted its position in STMicroelectronics by 3.7% during the third quarter. M&T Bank Corp now owns 7,579 shares of the semiconductor producer’s stock worth $327,000 after acquiring an additional 270 shares during the last quarter. Blue Trust Inc. grew its stake in STMicroelectronics by 11.2% in the 4th quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock worth $135,000 after acquiring an additional 272 shares during the period. Schechter Investment Advisors LLC raised its holdings in STMicroelectronics by 3.0% in the 3rd quarter. Schechter Investment Advisors LLC now owns 10,335 shares of the semiconductor producer’s stock valued at $446,000 after acquiring an additional 298 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of STMicroelectronics by 1.7% during the 3rd quarter. Signaturefd LLC now owns 20,203 shares of the semiconductor producer’s stock worth $872,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

STM has been the subject of several analyst reports. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. William Blair restated a “market perform” rating on shares of STMicroelectronics in a report on Friday, April 26th. Susquehanna reaffirmed a “positive” rating and set a $55.00 price target on shares of STMicroelectronics in a research note on Monday, April 8th. HSBC began coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They issued a “buy” rating on the stock. Finally, Craig Hallum dropped their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.75.

STMicroelectronics Trading Up 2.3 %

Shares of STM stock traded up $0.89 during mid-day trading on Friday, reaching $40.07. The company’s stock had a trading volume of 2,717,908 shares, compared to its average volume of 3,646,359. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $36.17 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 3.76 and a beta of 1.66. The company’s 50 day simple moving average is $43.23 and its 200-day simple moving average is $44.41. STMicroelectronics has a 12-month low of $37.21 and a 12-month high of $55.85.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. STMicroelectronics had a net margin of 22.30% and a return on equity of 22.95%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 earnings per share. On average, research analysts predict that STMicroelectronics will post 2.13 EPS for the current fiscal year.

STMicroelectronics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This is a positive change from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 0.90%. STMicroelectronics’s payout ratio is 5.13%.

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.