Green Alpha Advisors LLC Sells 1,346 Shares of STMicroelectronics (NYSE:STM)

Green Alpha Advisors LLC lessened its stake in shares of STMicroelectronics (NYSE:STM) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,391 shares of the semiconductor producer’s stock after selling 1,346 shares during the period. Green Alpha Advisors LLC’s holdings in STMicroelectronics were worth $534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new stake in shares of STMicroelectronics during the 4th quarter worth $583,000. GAMMA Investing LLC grew its stake in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after buying an additional 531 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth approximately $186,000. TD Private Client Wealth LLC increased its stake in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares during the last quarter. Finally, Main Management ETF Advisors LLC acquired a new position in STMicroelectronics during the third quarter valued at approximately $1,500,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on STM shares. BNP Paribas started coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price objective on the stock. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their target price for the company from $32.00 to $25.00 in a research report on Monday. Robert W. Baird decreased their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. reiterated 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 analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.11.

STMicroelectronics Stock Down 2.7 %

Shares of STM opened at $24.60 on Monday. The stock’s 50-day moving average price is $25.62 and its two-hundred day moving average price is $29.70. STMicroelectronics has a 12 month low of $23.94 and a 12 month high of $49.05. The company has a market capitalization of $22.22 billion, a PE ratio of 10.12, a PEG ratio of 3.20 and a beta of 1.52. 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 posted its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The firm’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 earnings per share. On average, analysts anticipate that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 14.81%.

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.