Crews Bank & Trust Takes $70,000 Position in STMicroelectronics (NYSE:STM)

Crews Bank & Trust acquired a new position in shares of STMicroelectronics (NYSE:STM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,800 shares of the semiconductor producer’s stock, valued at approximately $70,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in STMicroelectronics during the fourth quarter valued at about $1,365,000. Blue Trust Inc. lifted its position in shares of STMicroelectronics by 15.4% during the 4th quarter. Blue Trust Inc. now owns 11,159 shares of the semiconductor producer’s stock worth $279,000 after purchasing an additional 1,491 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in STMicroelectronics by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after purchasing an additional 749 shares during the period. J2 Capital Management Inc acquired a new stake in STMicroelectronics in the 4th quarter valued at approximately $295,000. Finally, Grandview Asset Management LLC bought a new position in STMicroelectronics in the 4th quarter worth approximately $696,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Craig Hallum reduced their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. BNP Paribas began coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock. Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research report on Friday. Finally, TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and decreased their price objective for the company from $32.00 to $25.00 in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics has a consensus rating of “Hold” and a consensus target price of $33.40.

STMicroelectronics Trading Down 0.5 %

STM stock opened at $22.41 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16. The stock has a market capitalization of $20.24 billion, a price-to-earnings ratio of 9.22, a P/E/G ratio of 4.36 and a beta of 1.52. The business has a fifty day moving average price of $25.29 and a 200 day moving average price of $28.14. STMicroelectronics has a fifty-two week low of $21.96 and a fifty-two week high of $49.05.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. Analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 14.81%.

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.