Capstone Asset Management Co. reduced its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,739 shares of the semiconductor producer’s stock after selling 1,230 shares during the period. Capstone Asset Management Co.’s holdings in STMicroelectronics N.V. were worth $945,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of STM. FNY Partners Fund LP purchased a new stake in shares of STMicroelectronics N.V. during the first quarter valued at approximately $291,000. Driehaus Capital Management LLC purchased a new stake in shares of STMicroelectronics N.V. during the first quarter valued at approximately $175,000. Jane Street Group LLC increased its stake in shares of STMicroelectronics N.V. by 74.8% in the first quarter. Jane Street Group LLC now owns 146,237 shares of the semiconductor producer’s stock valued at $2,261,000 after buying an additional 62,592 shares in the last quarter. Symmetry Peak Management LLC purchased a new stake in shares of STMicroelectronics N.V. during the first quarter valued at approximately $696,000. Finally, Highbridge Capital Management LLC purchased a new stake in shares of STMicroelectronics N.V. during the first quarter valued at approximately $23,004,000. Institutional investors own 4.92% of the company’s stock.

STMicroelectronics N.V. (NYSE:STM) opened at 16.44 on Friday. The firm’s 50-day moving average price is $15.56 and its 200-day moving average price is $14.93. The firm has a market cap of $14.53 billion, a P/E ratio of 46.18 and a beta of 0.63. STMicroelectronics N.V. has a 1-year low of $6.25 and a 1-year high of $17.34.

STMicroelectronics N.V. (NYSE:STM) last released its quarterly earnings results on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.02. STMicroelectronics N.V. had a return on equity of 8.14% and a net margin of 4.37%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the company earned ($0.02) earnings per share. STMicroelectronics N.V.’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts anticipate that STMicroelectronics N.V. will post $0.77 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, June 23rd. STMicroelectronics N.V.’s dividend payout ratio (DPR) is presently 55.56%.

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Several brokerages have recently commented on STM. BidaskClub upgraded STMicroelectronics N.V. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co upgraded STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. Zacks Investment Research downgraded STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Stifel Nicolaus upgraded STMicroelectronics N.V. from a “hold” rating to a “buy” rating and reduced their target price for the company from $14.84 to $14.50 in a research note on Tuesday, June 27th. Finally, Robert W. Baird raised their target price on STMicroelectronics N.V. from $15.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $16.88.

STMicroelectronics N.V. Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Institutional Ownership by Quarter for STMicroelectronics N.V. (NYSE:STM)

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