JPMorgan Chase & Co. Acquires 144,894 Shares of STMicroelectronics N.V. (STM)
JPMorgan Chase & Co. boosted its holdings in shares of STMicroelectronics N.V. (NYSE:STM) by 11.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,446,567 shares of the semiconductor producer’s stock after acquiring an additional 144,894 shares during the period. JPMorgan Chase & Co. owned about 0.16% of STMicroelectronics worth $27,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership boosted its holdings in shares of STMicroelectronics by 17.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock valued at $111,224,000 after buying an additional 1,151,164 shares in the last quarter. Quentec Asset Management LLC boosted its holdings in shares of STMicroelectronics by 121.7% in the 2nd quarter. Quentec Asset Management LLC now owns 1,835,373 shares of the semiconductor producer’s stock valued at $26,393,000 after buying an additional 1,007,467 shares in the last quarter. State Street Corp boosted its holdings in shares of STMicroelectronics by 968.8% in the 2nd quarter. State Street Corp now owns 558,500 shares of the semiconductor producer’s stock valued at $8,031,000 after buying an additional 506,247 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of STMicroelectronics in the 2nd quarter valued at about $374,000. Finally, Sensato Investors LLC boosted its holdings in shares of STMicroelectronics by 17.2% in the 2nd quarter. Sensato Investors LLC now owns 1,941,246 shares of the semiconductor producer’s stock valued at $27,915,000 after buying an additional 285,200 shares in the last quarter. Institutional investors own 5.06% of the company’s stock.
STM has been the topic of a number of recent analyst reports. Craig Hallum raised their price target on shares of STMicroelectronics from $21.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, October 26th. ValuEngine lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.88.
Shares of STMicroelectronics N.V. (NYSE:STM) traded up $0.34 during trading on Thursday, hitting $22.04. 3,595,400 shares of the company traded hands, compared to its average volume of 4,496,004. The stock has a market cap of $19,769.35, a price-to-earnings ratio of 29.73, a P/E/G ratio of 4.73 and a beta of 0.78. The company has a quick ratio of 1.73, a current ratio of 2.29 and a debt-to-equity ratio of 0.33. STMicroelectronics N.V. has a 52-week low of $10.46 and a 52-week high of $24.80.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a net margin of 7.84% and a return on equity of 13.47%. STMicroelectronics’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. analysts anticipate that STMicroelectronics N.V. will post 0.92 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, December 18th. STMicroelectronics’s payout ratio is currently 29.41%.
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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