Guided Capital Wealth Management LLC Takes $385,000 Position in STMicroelectronics (NYSE:STM)

Guided Capital Wealth Management LLC acquired a new stake in shares of STMicroelectronics (NYSE:STM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,438 shares of the semiconductor producer’s stock, valued at approximately $385,000. STMicroelectronics comprises approximately 0.4% of Guided Capital Wealth Management LLC’s holdings, making the stock its 26th biggest holding.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its holdings in STMicroelectronics by 26.5% in the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after purchasing an additional 1,719,257 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in STMicroelectronics by 674.2% in 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. Mediolanum International Funds Ltd purchased a new stake in STMicroelectronics in the third quarter valued at $7,642,000. Raymond James & Associates boosted its holdings in STMicroelectronics by 25.3% in the third quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer’s stock valued at $5,719,000 after purchasing an additional 38,874 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in STMicroelectronics in the third quarter valued at $4,158,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and lowered their target price for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Robert W. Baird lowered their target price on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.26.

STMicroelectronics Stock Up 1.7 %

STM opened at $22.91 on Wednesday. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $49.05. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average price of $24.84 and a 200 day moving average price of $27.15. The company has a market cap of $20.69 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Sell-side analysts expect that STMicroelectronics will post 0.82 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.57%. STMicroelectronics’s payout ratio is 18.67%.

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.