11,813 Shares in STMicroelectronics (NYSE:STM) Acquired by J2 Capital Management Inc

J2 Capital Management Inc purchased a new stake in shares of STMicroelectronics (NYSE:STM) in the 4th quarter, Holdings Channel reports. The fund purchased 11,813 shares of the semiconductor producer’s stock, valued at approximately $295,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STM. Rhumbline Advisers lifted its holdings in shares of STMicroelectronics by 6.9% during the second quarter. Rhumbline Advisers now owns 19,718 shares of the semiconductor producer’s stock worth $775,000 after buying an additional 1,275 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of STMicroelectronics by 6.5% in the second quarter. American Century Companies Inc. now owns 469,669 shares of the semiconductor producer’s stock valued at $18,449,000 after buying an additional 28,846 shares during the period. Dimensional Fund Advisors LP raised its holdings in STMicroelectronics by 177.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after acquiring an additional 1,478,213 shares in the last quarter. Wealth Alliance bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at $269,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of STMicroelectronics by 17.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,939 shares of the semiconductor producer’s stock worth $1,045,000 after purchasing an additional 3,980 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STM has been the topic of several research analyst reports. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Craig Hallum decreased their price target on shares of STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. BNP Paribas assumed coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target on the stock. Finally, TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $25.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, STMicroelectronics currently has an average rating of “Hold” and a consensus price target of $34.11.

STMicroelectronics Price Performance

STM stock opened at $25.43 on Friday. The firm has a 50 day moving average of $25.43 and a 200-day moving average of $29.25. The firm has a market capitalization of $22.97 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 4.13 and a beta of 1.52. STMicroelectronics has a 12 month low of $23.66 and a 12 month high of $49.05. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the business posted $1.16 earnings per share. The firm’s revenue was down 26.6% compared to the same quarter last year. As a group, sell-side analysts predict that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s payout ratio is 12.76%.

STMicroelectronics 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.