Ladenburg Thalmann Financial Services Inc. grew its position in STMicroelectronics N.V. (NYSE:STM) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,934 shares of the semiconductor producer’s stock after buying an additional 2,392 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in STMicroelectronics were worth $1,727,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of STM. JPMorgan Chase & Co. boosted its position in shares of STMicroelectronics by 1,004.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,673 shares of the semiconductor producer’s stock worth $18,718,000 after purchasing an additional 1,183,788 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of STMicroelectronics by 17.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock worth $111,224,000 after purchasing an additional 1,151,164 shares during the period. Highbridge Capital Management LLC lifted its holdings in STMicroelectronics by 154.0% during the 3rd quarter. Highbridge Capital Management LLC now owns 1,835,000 shares of the semiconductor producer’s stock worth $35,636,000 after buying an additional 1,112,500 shares in the last quarter. Quentec Asset Management LLC lifted its holdings in STMicroelectronics by 121.7% during the 2nd quarter. Quentec Asset Management LLC now owns 1,835,373 shares of the semiconductor producer’s stock worth $26,393,000 after buying an additional 1,007,467 shares in the last quarter. Finally, State Street Corp lifted its holdings 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 in the last quarter. 5.06% of the stock is owned by institutional investors and hedge funds.

Shares of STMicroelectronics N.V. (NYSE STM) traded up $0.06 on Monday, hitting $21.62. 2,797,400 shares of the stock were exchanged, compared to its average volume of 4,485,418. STMicroelectronics N.V. has a fifty-two week low of $10.67 and a fifty-two week high of $24.80. The firm has a market cap of $19,696.47, a price-to-earnings ratio of 29.62, a price-to-earnings-growth ratio of 4.71 and a beta of 0.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.29 and a quick ratio of 1.73.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor producer reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 18.9% on a year-over-year basis. equities research analysts expect that STMicroelectronics N.V. will post 0.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 18th. This represents a $0.24 annualized dividend and a yield of 1.11%. STMicroelectronics’s dividend payout ratio is currently 29.41%.

A number of equities research analysts have issued reports on the stock. ValuEngine lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a report on Tuesday, October 31st. Finally, Craig Hallum increased their target price on shares of STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. STMicroelectronics has an average rating of “Buy” and a consensus price target of $21.88.

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STMicroelectronics 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.

Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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