Koch Industries Inc. acquired a new stake in STMicroelectronics NV (NYSE:STM) during the fourth quarter, Holdings Channel reports. The firm acquired 18,699 shares of the semiconductor producer’s stock, valued at approximately $408,000.

Several other large investors have also made changes to their positions in STM. Highbridge Capital Management LLC lifted its stake in shares of STMicroelectronics by 154.0% in the 3rd quarter. Highbridge Capital Management LLC now owns 1,835,000 shares of the semiconductor producer’s stock valued at $35,636,000 after purchasing an additional 1,112,500 shares during the period. State Street Corp raised its stake in STMicroelectronics by 968.8% during the 2nd quarter. State Street Corp now owns 558,500 shares of the semiconductor producer’s stock worth $8,031,000 after buying an additional 506,247 shares during the period. DE Burlo Group Inc. acquired a new position in STMicroelectronics during the 4th quarter worth approximately $6,584,000. JPMorgan Chase & Co. raised its stake in STMicroelectronics by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,446,567 shares of the semiconductor producer’s stock worth $27,818,000 after buying an additional 144,894 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in STMicroelectronics by 65.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 312,601 shares of the semiconductor producer’s stock worth $6,071,000 after buying an additional 123,671 shares during the period. 4.72% of the stock is currently owned by institutional investors.

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Shares of STMicroelectronics NV (NYSE STM) opened at $24.47 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.86 and a current ratio of 2.52. The company has a market capitalization of $21,939.56, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 3.66 and a beta of 0.75. STMicroelectronics NV has a twelve month low of $14.07 and a twelve month high of $25.30.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. STMicroelectronics had a return on equity of 17.55% and a net margin of 9.62%. The company’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 EPS. sell-side analysts predict that STMicroelectronics NV will post 1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 20th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, March 19th. STMicroelectronics’s dividend payout ratio is currently 22.47%.

A number of research analysts recently weighed in on STM shares. Credit Suisse Group raised STMicroelectronics from a “neutral” rating to a “buy” rating in a research note on Thursday, January 11th. Vetr downgraded STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 price target on the stock. in a research note on Friday, January 19th. ValuEngine raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Craig Hallum reaffirmed a “buy” rating and set a $30.00 price target (up from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th. Finally, Zacks Investment Research downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $23.39.

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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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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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