Vestmark Advisory Solutions Inc. Grows Holdings in STMicroelectronics (NYSE:STM)

Vestmark Advisory Solutions Inc. boosted its position in STMicroelectronics (NYSE:STM) by 6.4% during the fourth quarter, Holdings Channel reports. The fund owned 19,166 shares of the semiconductor producer’s stock after acquiring an additional 1,161 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in STMicroelectronics were worth $961,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Simplicity Solutions LLC raised its stake in STMicroelectronics by 8.4% in the third quarter. Simplicity Solutions LLC now owns 4,717 shares of the semiconductor producer’s stock worth $204,000 after buying an additional 366 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of STMicroelectronics by 7.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 24,086 shares of the semiconductor producer’s stock valued at $1,040,000 after buying an additional 1,639 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of STMicroelectronics in the third quarter worth about $254,000. Mackenzie Financial Corp raised its stake in STMicroelectronics by 19.1% during the third quarter. Mackenzie Financial Corp now owns 8,222 shares of the semiconductor producer’s stock valued at $346,000 after purchasing an additional 1,318 shares in the last quarter. Finally, Advisor Partners II LLC boosted its holdings in shares of STMicroelectronics by 12.7% in the 3rd quarter. Advisor Partners II LLC now owns 10,705 shares of the semiconductor producer’s stock worth $462,000 after purchasing an additional 1,205 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock traded up $0.08 during trading on Monday, reaching $40.15. The company’s stock had a trading volume of 262,286 shares, compared to its average volume of 3,584,716. 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 business’s fifty day moving average price is $43.23 and its 200-day moving average price is $44.43. The firm has a market cap of $36.25 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 3.76 and a beta of 1.66. STMicroelectronics has a one year low of $37.21 and a one year high of $55.85.

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

STMicroelectronics Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, June 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.90%. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. STMicroelectronics’s payout ratio is 9.23%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com cut STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Susquehanna restated a “positive” rating and issued a $55.00 price target on shares of STMicroelectronics in a research report on Monday, April 8th. William Blair reaffirmed a “market perform” rating on shares of STMicroelectronics in a research note on Friday, April 26th. Berenberg Bank raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, HSBC initiated coverage on STMicroelectronics in a research report on Thursday, February 22nd. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.