Green Alpha Advisors LLC Sells 1,346 Shares of STMicroelectronics (NYSE:STM)

Green Alpha Advisors LLC reduced its holdings in STMicroelectronics (NYSE:STM) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,391 shares of the semiconductor producer’s stock after selling 1,346 shares during the period. Green Alpha Advisors LLC’s holdings in STMicroelectronics were worth $534,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in shares of STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after buying an additional 1,719,257 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in STMicroelectronics by 177.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,311,888 shares of the semiconductor producer’s stock valued at $90,806,000 after purchasing an additional 1,478,213 shares during the last quarter. Two Sigma Advisers LP boosted its position in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the last quarter. Federated Hermes Inc. grew its stake in STMicroelectronics by 128.1% in the second quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after purchasing an additional 364,184 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of STMicroelectronics by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 469,669 shares of the semiconductor producer’s stock worth $18,449,000 after purchasing an additional 28,846 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 2.7 %

Shares of NYSE:STM opened at $24.60 on Monday. STMicroelectronics has a 12-month low of $23.94 and a 12-month high of $49.05. The business has a 50 day moving average of $25.62 and a 200-day moving average of $29.70. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The stock has a market cap of $22.22 billion, a PE ratio of 10.12, a P/E/G ratio of 3.20 and a beta of 1.52.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The firm’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 EPS. As a group, equities research analysts forecast that STMicroelectronics will post 1.64 earnings per share for the current year.

STMicroelectronics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is 14.81%.

Analysts Set New Price Targets

Several research firms recently weighed in on STM. Morgan Stanley cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. BNP Paribas initiated coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. Susquehanna reiterated a “positive” rating and set a $33.00 price target on shares of STMicroelectronics in a report on Thursday, November 21st. Finally, Craig Hallum lowered their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, STMicroelectronics has a consensus rating of “Hold” and a consensus target price of $34.11.

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.