Advent Capital Management DE acquired a new position in STMicroelectronics NV (NYSE:STM) in the third quarter, HoldingsChannel reports. The institutional investor acquired 10,000 shares of the semiconductor producer’s stock, valued at approximately $183,000.

A number of other large investors have also modified their holdings of STM. PointState Capital LP acquired a new position in STMicroelectronics during the 2nd quarter worth $73,538,000. Renaissance Technologies LLC lifted its position in STMicroelectronics by 177.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,873,245 shares of the semiconductor producer’s stock worth $64,027,000 after acquiring an additional 1,837,921 shares during the last quarter. Bank of New York Mellon Corp lifted its position in STMicroelectronics by 6,533.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,246,613 shares of the semiconductor producer’s stock worth $27,575,000 after acquiring an additional 1,227,821 shares during the last quarter. Capital Fund Management S.A. lifted its position in STMicroelectronics by 21.2% during the 2nd quarter. Capital Fund Management S.A. now owns 998,945 shares of the semiconductor producer’s stock worth $22,097,000 after acquiring an additional 174,826 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in STMicroelectronics by 164.9% during the 3rd quarter. Deutsche Bank AG now owns 783,375 shares of the semiconductor producer’s stock worth $14,367,000 after acquiring an additional 487,671 shares during the last quarter. Hedge funds and other institutional investors own 3.73% of the company’s stock.

A number of research firms have weighed in on STM. Baader Bank reissued a “hold” rating on shares of STMicroelectronics in a research report on Wednesday, October 24th. UBS Group raised shares of STMicroelectronics from a “sell” rating to a “neutral” rating in a research report on Monday, October 29th. ValuEngine raised shares of STMicroelectronics from a “strong sell” rating to a “sell” rating in a research report on Monday, September 24th. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research report on Monday, November 19th. Finally, Deutsche Bank raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, September 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $23.48.

Shares of STM opened at $13.38 on Tuesday. The stock has a market cap of $11.98 billion, a PE ratio of 13.65, a P/E/G ratio of 1.92 and a beta of 1.07. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.54 and a quick ratio of 1.81. STMicroelectronics NV has a 52 week low of $13.24 and a 52 week high of $26.43.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, October 24th. The semiconductor producer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.04. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.50 billion. STMicroelectronics had a net margin of 12.41% and a return on equity of 21.97%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. Equities analysts predict that STMicroelectronics NV will post 1.39 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Tuesday, December 18th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, December 17th. STMicroelectronics’s dividend payout ratio is currently 20.41%.

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About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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