18,746 Shares in STMicroelectronics (NYSE:STM) Bought by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC bought a new position in shares of STMicroelectronics (NYSE:STM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,746 shares of the semiconductor producer’s stock, valued at approximately $468,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in shares of STMicroelectronics during the third quarter worth about $25,000. Archer Investment Corp acquired a new stake in STMicroelectronics during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter worth approximately $34,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of STMicroelectronics by 108.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after purchasing an additional 809 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Robert W. Baird dropped their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Susquehanna lowered their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a report on Friday. Finally, TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.40.

STMicroelectronics Stock Performance

NYSE STM opened at $22.41 on Monday. The company has a market cap of $20.24 billion, a P/E ratio of 9.22, a PEG ratio of 4.36 and a beta of 1.52. The company has a fifty day simple moving average of $25.29 and a 200 day simple moving average of $27.95. 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 has a 12-month low of $21.96 and a 12-month high of $49.05.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. Sell-side analysts predict that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 12.76%.

About STMicroelectronics

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.