Inspire Advisors LLC Has $469,000 Holdings in STMicroelectronics (NYSE:STM)

Inspire Advisors LLC grew its stake in STMicroelectronics (NYSE:STM) by 21.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,760 shares of the semiconductor producer’s stock after purchasing an additional 2,790 shares during the period. Inspire Advisors LLC’s holdings in STMicroelectronics were worth $469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of STMicroelectronics during the first quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of STMicroelectronics by 144.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after buying an additional 734 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of STMicroelectronics during the 2nd quarter worth about $51,000. Denver PWM LLC acquired a new stake in shares of STMicroelectronics during the 2nd quarter valued at about $72,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in STMicroelectronics in the first quarter valued at about $113,000. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on STM. StockNews.com downgraded STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Sanford C. Bernstein lowered their price target on STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Craig Hallum dropped their price objective on STMicroelectronics from $48.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Morgan Stanley downgraded shares of STMicroelectronics from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Finally, Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.13.

STMicroelectronics Price Performance

STMicroelectronics stock opened at $27.99 on Friday. The firm has a market capitalization of $25.29 billion, a P/E ratio of 7.18, a PEG ratio of 3.48 and a beta of 1.57. The business has a 50-day moving average of $29.23 and a 200-day moving average of $36.34. The company has a current ratio of 3.35, a quick ratio of 2.56 and a debt-to-equity ratio of 0.17. STMicroelectronics has a 1 year low of $26.63 and a 1 year high of $51.27.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, July 25th. The semiconductor producer reported $0.38 EPS for the quarter, topping the consensus estimate of $0.34 by $0.04. STMicroelectronics had a return on equity of 18.18% and a net margin of 19.68%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the business posted $1.06 EPS. The firm’s revenue was down 25.3% compared to the same quarter last year. On average, equities analysts anticipate that STMicroelectronics will post 1.63 EPS for the current year.

STMicroelectronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 17th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. STMicroelectronics’s dividend payout ratio is presently 7.69%.

STMicroelectronics Company 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.