American Century Companies Inc. lowered its stake in STMicroelectronics N.V. (NYSE:STM) by 56.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,063 shares of the semiconductor producer’s stock after selling 32,118 shares during the quarter. American Century Companies Inc.’s holdings in STMicroelectronics N.V. were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its stake 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 buying an additional 422,337 shares during the period. Highbridge Capital Management LLC bought a new position in shares of STMicroelectronics N.V. in the first quarter worth about $23,004,000. US Bancorp DE raised its stake 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 buying an additional 328,911 shares during the period. Jane Street Group LLC raised 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 worth $2,261,000 after buying an additional 62,592 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics N.V. by 1,137.8% in the first quarter. JPMorgan Chase & Co. now owns 117,885 shares of the semiconductor producer’s stock worth $1,822,000 after buying an additional 108,361 shares during the period. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on STM. Zacks Investment Research downgraded STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Craig Hallum reaffirmed a “buy” rating on shares of STMicroelectronics N.V. in a research note on Wednesday, September 13th. J P Morgan Chase & Co raised STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday, July 11th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $14.84 to $14.50 in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. STMicroelectronics N.V. currently has an average rating of “Buy” and an average target price of $18.38.

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Shares of STMicroelectronics N.V. (NYSE STM) opened at 19.53 on Thursday. STMicroelectronics N.V. has a 52 week low of $7.76 and a 52 week high of $19.90. The company has a market cap of $17.34 billion, a P/E ratio of 39.94 and a beta of 0.64. The company’s 50-day moving average price is $17.58 and its 200 day moving average price is $16.21.

STMicroelectronics N.V. (NYSE:STM) last issued its earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the previous year, the company earned $0.03 EPS. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that STMicroelectronics N.V. will post $0.82 earnings per share for the current fiscal year.

STMicroelectronics N.V. announced that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that authorizes the company to repurchase $297.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor producer to buy up to 2.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Tuesday, September 19th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. STMicroelectronics N.V.’s payout ratio is 40.00%.

About STMicroelectronics N.V.

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.

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

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