Barclays PLC Purchases 1,320 Shares of STMicroelectronics (NYSE:STM)

Barclays PLC raised its holdings in shares of STMicroelectronics (NYSE:STM) by 0.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,049,338 shares of the semiconductor producer’s stock after acquiring an additional 1,320 shares during the period. Barclays PLC’s holdings in STMicroelectronics were worth $31,197,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Main Management ETF Advisors LLC purchased a new position in STMicroelectronics in the 3rd quarter worth $1,500,000. Two Sigma Advisers LP increased its holdings in shares of STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after buying an additional 1,216,300 shares during the period. Stifel Financial Corp lifted its stake in shares of STMicroelectronics by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock valued at $2,048,000 after acquiring an additional 493 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in STMicroelectronics during the 3rd quarter valued at about $1,924,000. Finally, Polymer Capital Management HK LTD bought a new position in STMicroelectronics during the 3rd quarter worth approximately $624,000. 5.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STM has been the subject of a number of analyst reports. Craig Hallum dropped their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Morgan Stanley lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. Susquehanna reaffirmed a “positive” rating and set a $33.00 price objective on shares of STMicroelectronics in a research note on Thursday, November 21st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.26.

STMicroelectronics Stock Up 0.2 %

STM stock opened at $26.28 on Friday. STMicroelectronics has a fifty-two week low of $23.95 and a fifty-two week high of $51.27. The company has a market capitalization of $23.74 billion, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 3.19 and a beta of 1.53. The business’s 50 day moving average price is $26.65 and its two-hundred day moving average price is $32.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84.

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

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.37%. STMicroelectronics’s dividend payout ratio (DPR) is currently 12.35%.

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.