7,202 Shares in STMicroelectronics (NYSE:STM) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC acquired a new position in STMicroelectronics (NYSE:STM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,202 shares of the semiconductor producer’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. SFE Investment Counsel boosted its position in STMicroelectronics by 2.8% during the 4th quarter. SFE Investment Counsel now owns 9,551 shares of the semiconductor producer’s stock valued at $479,000 after acquiring an additional 258 shares in the last quarter. Blue Trust Inc. boosted its position in STMicroelectronics by 11.2% during the 4th quarter. Blue Trust Inc. now owns 2,701 shares of the semiconductor producer’s stock valued at $135,000 after acquiring an additional 272 shares in the last quarter. Gallacher Capital Management LLC boosted its position in STMicroelectronics by 3.8% during the 4th quarter. Gallacher Capital Management LLC now owns 8,905 shares of the semiconductor producer’s stock valued at $446,000 after acquiring an additional 327 shares in the last quarter. Wealth Alliance boosted its position in STMicroelectronics by 6.7% during the 4th quarter. Wealth Alliance now owns 6,471 shares of the semiconductor producer’s stock valued at $324,000 after acquiring an additional 405 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in STMicroelectronics by 1.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 37,738 shares of the semiconductor producer’s stock valued at $1,892,000 after acquiring an additional 413 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

STM stock traded down $1.79 during midday trading on Friday, reaching $42.46. The stock had a trading volume of 2,815,512 shares, compared to its average volume of 2,956,088. The stock has a market cap of $38.33 billion, a PE ratio of 10.89, a P/E/G ratio of 3.99 and a beta of 1.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.58 and a current ratio of 3.34. The firm has a fifty day simple moving average of $41.62 and a two-hundred day simple moving average of $44.44. STMicroelectronics has a 52-week low of $37.21 and a 52-week high of $55.85.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.05). The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.61 billion. STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. STMicroelectronics’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. As a group, equities research analysts anticipate that STMicroelectronics will post 2.13 EPS for the current year.

STMicroelectronics Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th will be given a dividend of $0.09 per share. This is an increase from STMicroelectronics’s previous quarterly dividend of $0.06. This represents a $0.36 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, June 25th. STMicroelectronics’s dividend payout ratio (DPR) is currently 5.13%.

Wall Street Analysts Forecast Growth

STM has been the topic of several recent research reports. Berenberg Bank raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. HSBC started coverage on STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating for the company. Susquehanna reiterated a “positive” rating and set a $55.00 price objective on shares of STMicroelectronics in a report on Monday, April 8th. William Blair reiterated a “market perform” rating on shares of STMicroelectronics in a report on Friday, April 26th. Finally, StockNews.com upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $50.75.

STMicroelectronics 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.