Dorsey Wright & Associates purchased a new position in STMicroelectronics N.V. (NYSE:STM) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 184,343 shares of the semiconductor producer’s stock, valued at approximately $1,127,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of STMicroelectronics N.V. by 433.7% in the first quarter. Bank of America Corp DE now owns 519,711 shares of the semiconductor producer’s stock worth $8,035,000 after acquiring an additional 422,337 shares during the period. Airain ltd bought a new position in shares of STMicroelectronics N.V. in the second quarter worth $1,082,000. Highbridge Capital Management LLC bought a new position in shares of STMicroelectronics N.V. in the first quarter worth $23,004,000. US Bancorp DE boosted its holdings in shares of STMicroelectronics N.V. by 171.0% in the second quarter. US Bancorp DE now owns 521,292 shares of the semiconductor producer’s stock worth $7,495,000 after acquiring an additional 328,911 shares during the period. Finally, Jane Street Group LLC boosted its holdings 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 worth $2,261,000 after acquiring an additional 62,592 shares during the period. 5.29% of the stock is owned by hedge funds and other institutional investors.

STM has been the subject of a number of analyst reports. BidaskClub raised STMicroelectronics N.V. from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Zacks Investment Research lowered STMicroelectronics N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and cut their price target for the stock from $14.84 to $14.50 in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co raised STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $18.38.

Shares of STMicroelectronics N.V. (NYSE STM) traded up 1.23% on Thursday, reaching $18.97. 755,670 shares of the company traded hands. STMicroelectronics N.V. has a 1-year low of $7.56 and a 1-year high of $19.22. The company has a 50-day moving average of $17.22 and a 200-day moving average of $16.07. The stock has a market capitalization of $16.84 billion, a price-to-earnings ratio of 38.79 and a beta of 0.64.

STMicroelectronics N.V. (NYSE:STM) last issued its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Analysts anticipate that STMicroelectronics N.V. will post $0.82 earnings per share for the current fiscal year.

STMicroelectronics N.V. declared that its board has authorized a share repurchase plan on Thursday, June 22nd that permits the company to repurchase $297.00 million in shares. This repurchase authorization permits the semiconductor producer to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Investors of record on Tuesday, September 19th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, September 18th. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. STMicroelectronics N.V.’s dividend payout ratio (DPR) is presently 40.00%.

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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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