Newbridge Financial Services Group Inc. Makes New $31,000 Investment in STMicroelectronics (NYSE:STM)

Newbridge Financial Services Group Inc. bought a new position in shares of STMicroelectronics (NYSE:STM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,225 shares of the semiconductor producer’s stock, valued at approximately $31,000.

Several other large investors also recently made changes to their positions in the business. Van ECK Associates Corp grew its holdings in shares of STMicroelectronics by 26.5% during the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after purchasing an additional 1,719,257 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in shares of STMicroelectronics during the third quarter worth $7,642,000. Raymond James & Associates grew its holdings in shares of STMicroelectronics by 25.3% during the third quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer’s stock worth $5,719,000 after purchasing an additional 38,874 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of STMicroelectronics during the third quarter worth $4,158,000. Institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STM. Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Craig Hallum decreased their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Monday, November 4th. Finally, Bank of America cut STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

Shares of STM opened at $22.91 on Wednesday. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $49.05. The stock has a market cap of $20.69 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. The stock’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $27.15.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, equities analysts predict that STMicroelectronics will post 0.82 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 1.57%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is currently 18.67%.

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.