First Trust Advisors LP Sells 16,169 Shares of STMicroelectronics N.V. (NYSE:STM)

First Trust Advisors LP decreased its position in shares of STMicroelectronics N.V. (NYSE:STM) by 20.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,435 shares of the semiconductor producer’s stock after selling 16,169 shares during the period. First Trust Advisors LP’s holdings in STMicroelectronics N.V. were worth $981,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of STM. Bank of Montreal Can raised its position in shares of STMicroelectronics N.V. by 1.3% in the first quarter. Bank of Montreal Can now owns 29,608 shares of the semiconductor producer’s stock worth $458,000 after buying an additional 376 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of STMicroelectronics N.V. by 20.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,607 shares of the semiconductor producer’s stock worth $119,000 after buying an additional 1,771 shares during the last quarter. Wetherby Asset Management Inc. raised its position in shares of STMicroelectronics N.V. by 20.1% in the first quarter. Wetherby Asset Management Inc. now owns 15,413 shares of the semiconductor producer’s stock worth $238,000 after buying an additional 2,584 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of STMicroelectronics N.V. by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 109,866 shares of the semiconductor producer’s stock worth $1,699,000 after buying an additional 3,146 shares during the last quarter. Finally, Highland Capital Management LLC raised its position in shares of STMicroelectronics N.V. by 1.6% in the first quarter. Highland Capital Management LLC now owns 226,127 shares of the semiconductor producer’s stock worth $3,496,000 after buying an additional 3,630 shares during the last quarter. Institutional investors and hedge funds own 4.92% of the company’s stock.

STMicroelectronics N.V. (STM) traded up 1.90% during mid-day trading on Friday, hitting $16.08. 3,843,319 shares of the stock were exchanged. The company has a 50 day moving average price of $15.97 and a 200 day moving average price of $14.47. STMicroelectronics N.V. has a 52-week low of $5.26 and a 52-week high of $17.34. The firm has a market cap of $14.21 billion, a price-to-earnings ratio of 45.17 and a beta of 0.63.

STMicroelectronics N.V. (NYSE:STM) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor producer reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.82 billion. STMicroelectronics N.V. had a net margin of 4.37% and a return on equity of 8.14%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) earnings per share. On average, analysts anticipate that STMicroelectronics N.V. will post $0.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Tuesday, June 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, June 23rd. This represents a $0.24 annualized dividend and a yield of 1.49%. STMicroelectronics N.V.’s dividend payout ratio is currently 55.56%.

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A number of brokerages have issued reports on STM. Zacks Investment Research lowered shares of STMicroelectronics N.V. from a “hold” rating to a “sell” rating in a research note on Thursday, June 29th. Craig Hallum restated a “buy” rating and set a $20.00 price target on shares of STMicroelectronics N.V. in a research note on Thursday, April 27th. J P Morgan Chase & Co upgraded shares of STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a research note on Tuesday. BidaskClub lowered shares of STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Robert W. Baird increased their price objective on shares of STMicroelectronics N.V. from $15.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.88.

STMicroelectronics N.V. Company Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

Institutional Ownership by Quarter for STMicroelectronics N.V. (NYSE:STM)

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