STMicroelectronics (NYSE:STM) Shares Purchased by Saturna Capital CORP

Saturna Capital CORP boosted its position in STMicroelectronics (NYSE:STM) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,525 shares of the semiconductor producer’s stock after purchasing an additional 260 shares during the quarter. Saturna Capital CORP’s holdings in STMicroelectronics were worth $2,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in STMicroelectronics by 261.4% in the 2nd quarter. BlackRock Inc. now owns 2,695,533 shares of the semiconductor producer’s stock valued at $98,063,000 after buying an additional 1,949,665 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in STMicroelectronics in the 1st quarter valued at $44,594,000. Point72 Asset Management L.P. grew its holdings in STMicroelectronics by 243.3% in the 1st quarter. Point72 Asset Management L.P. now owns 1,456,224 shares of the semiconductor producer’s stock valued at $55,817,000 after buying an additional 1,032,097 shares in the last quarter. Capital International Investors grew its holdings in STMicroelectronics by 76.7% in the 1st quarter. Capital International Investors now owns 1,835,694 shares of the semiconductor producer’s stock valued at $68,728,000 after buying an additional 797,026 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in STMicroelectronics in the 1st quarter valued at $7,630,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded STMicroelectronics from a “sell” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Wednesday, July 21st. Barclays reiterated an “overweight” rating on shares of STMicroelectronics in a report on Friday, July 30th. upgraded STMicroelectronics to a “buy” rating and set a $39.00 price target for the company in a report on Friday, July 9th. upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a report on Friday, July 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a report on Friday, July 30th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $45.29.

Shares of NYSE STM traded up $0.73 during midday trading on Tuesday, hitting $45.48. 22,165 shares of the company’s stock were exchanged, compared to its average volume of 2,158,966. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.43 and a quick ratio of 1.86. STMicroelectronics has a twelve month low of $28.80 and a twelve month high of $47.38. The company has a market cap of $41.44 billion, a PE ratio of 26.02 and a beta of 1.46. The firm’s fifty day simple moving average is $42.38 and its 200-day simple moving average is $39.05.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, July 29th. The semiconductor producer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.90 billion. STMicroelectronics had a return on equity of 19.06% and a net margin of 13.44%. During the same quarter in the previous year, the company posted $0.10 earnings per share. Equities analysts anticipate that STMicroelectronics will post 1.91 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 28th. Shareholders of record on Tuesday, September 21st will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Monday, September 20th. STMicroelectronics’s dividend payout ratio (DPR) is 16.53%.

About STMicroelectronics

STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog and MEMS Group, and Microcontrollers and Digital ICs Group.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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