Russell Investments Group Ltd. boosted its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 65.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 312,601 shares of the semiconductor producer’s stock after buying an additional 123,671 shares during the quarter. Russell Investments Group Ltd.’s holdings in STMicroelectronics were worth $6,071,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of Montreal Can raised its position in shares of STMicroelectronics by 4.6% in the 2nd quarter. Bank of Montreal Can now owns 30,957 shares of the semiconductor producer’s stock worth $445,000 after acquiring an additional 1,349 shares in the last quarter. Sei Investments Co. raised its position in shares of STMicroelectronics by 219.4% in the 2nd quarter. Sei Investments Co. now owns 251,946 shares of the semiconductor producer’s stock worth $3,623,000 after acquiring an additional 173,062 shares in the last quarter. IFP Advisors Inc raised its position in shares of STMicroelectronics by 34.3% in the 2nd quarter. IFP Advisors Inc now owns 14,612 shares of the semiconductor producer’s stock worth $210,000 after acquiring an additional 3,735 shares in the last quarter. HL Financial Services LLC raised its position in shares of STMicroelectronics by 20.3% in the 2nd quarter. HL Financial Services LLC now owns 31,606 shares of the semiconductor producer’s stock worth $454,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of STMicroelectronics by 7.1% in the 2nd quarter. Wetherby Asset Management Inc. now owns 16,514 shares of the semiconductor producer’s stock worth $237,000 after acquiring an additional 1,101 shares in the last quarter. 5.06% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Craig Hallum reissued a “buy” rating on shares of STMicroelectronics in a research report on Wednesday, September 13th. Finally, Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. STMicroelectronics presently has an average rating of “Buy” and an average price target of $21.88.

Shares of STMicroelectronics N.V. (NYSE STM) traded up $0.34 during trading on Monday, reaching $21.74. The company had a trading volume of 2,854,541 shares, compared to its average volume of 4,511,309. STMicroelectronics N.V. has a twelve month low of $10.41 and a twelve month high of $24.80. The company has a market cap of $19,495.95, a price-to-earnings ratio of 29.32, a price-to-earnings-growth ratio of 4.66 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 issued its earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue was up 18.9% compared to the same quarter last year. sell-side analysts predict that STMicroelectronics N.V. will post 0.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Monday, December 18th. STMicroelectronics’s payout ratio is 29.41%.

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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.

Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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