Wealth Alliance Has $324,000 Holdings in STMicroelectronics (NYSE:STM)

Wealth Alliance raised its holdings in STMicroelectronics (NYSE:STM) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,471 shares of the semiconductor producer’s stock after purchasing an additional 405 shares during the quarter. Wealth Alliance’s holdings in STMicroelectronics were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of STM. Thomas J. Herzfeld Advisors Inc. raised its stake in shares of STMicroelectronics by 548.4% in the third quarter. Thomas J. Herzfeld Advisors Inc. now owns 590 shares of the semiconductor producer’s stock worth $25,000 after acquiring an additional 499 shares during the last quarter. Huntington National Bank lifted its holdings in STMicroelectronics by 112.7% during the 3rd quarter. Huntington National Bank now owns 689 shares of the semiconductor producer’s stock worth $30,000 after buying an additional 365 shares in the last quarter. Headlands Technologies LLC bought a new position in STMicroelectronics in the 3rd quarter valued at $30,000. Spire Wealth Management increased its stake in shares of STMicroelectronics by 125.0% in the 3rd quarter. Spire Wealth Management now owns 720 shares of the semiconductor producer’s stock valued at $31,000 after buying an additional 400 shares during the period. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of STMicroelectronics during the fourth quarter worth $40,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Down 1.8 %

STM opened at $39.59 on Friday. The firm’s fifty day moving average is $44.31 and its two-hundred day moving average is $44.68. The firm has a market cap of $35.74 billion, a PE ratio of 8.88, a price-to-earnings-growth ratio of 2.67 and a beta of 1.69. STMicroelectronics has a twelve month low of $37.21 and a twelve month high of $55.85. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. STMicroelectronics had a net margin of 24.36% and a return on equity of 27.70%. The business had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company earned $1.32 EPS. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. Equities research analysts anticipate that STMicroelectronics will post 3.02 EPS for the current year.

STMicroelectronics Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 25th. This is a positive change from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a dividend yield of 0.91%. STMicroelectronics’s payout ratio is currently 4.48%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Craig Hallum lowered their price objective on STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, January 25th. Susquehanna reiterated a “positive” rating and set a $55.00 price target on shares of STMicroelectronics in a research report on Monday, April 8th. StockNews.com lowered shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Finally, HSBC began coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.75.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.