STMicroelectronics N.V. Sees Unusually High Options Volume (NYSE:STM)

STMicroelectronics N.V. (NYSE:STM) saw some unusual options trading on Wednesday. Investors purchased 16,299 call options on the company. This is an increase of 597% compared to the typical daily volume of 2,340 call options.

A number of hedge funds and other institutional investors have recently bought and sold shares of STM. Renaissance Technologies LLC grew its holdings in STMicroelectronics N.V. by 362.4% during the 1st quarter. Renaissance Technologies LLC now owns 5,299,919 shares of the semiconductor producer’s stock worth $81,713,000 after acquiring an additional 4,153,795 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in STMicroelectronics N.V. during the 1st quarter worth approximately $23,004,000. FMR LLC purchased a new stake in shares of STMicroelectronics N.V. during the 1st quarter worth approximately $21,932,000. JPMorgan Chase & Co. lifted its position in shares of STMicroelectronics N.V. by 1,004.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,301,673 shares of the semiconductor producer’s stock worth $18,718,000 after buying an additional 1,183,788 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of STMicroelectronics N.V. by 17.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,734,651 shares of the semiconductor producer’s stock worth $111,224,000 after buying an additional 1,151,164 shares during the last quarter. Institutional investors own 5.35% of the company’s stock.

Shares of STMicroelectronics N.V. (NYSE STM) opened at 20.07 on Wednesday. The company has a market capitalization of $17.82 billion, a PE ratio of 41.04 and a beta of 0.70. The company has a 50 day moving average price of $18.98 and a 200 day moving average price of $16.75. STMicroelectronics N.V. has a 1-year low of $7.87 and a 1-year high of $20.19.

STMicroelectronics N.V. (NYSE:STM) last posted its quarterly earnings results on Wednesday, July 26th. The semiconductor producer reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). STMicroelectronics N.V. had a return on equity of 10.60% and a net margin of 5.97%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the firm earned $0.03 EPS. The company’s revenue was up 12.9% on a year-over-year basis. Equities analysts predict that STMicroelectronics N.V. will post $0.82 EPS for the current fiscal year.

STMicroelectronics N.V. declared that its board has approved a stock repurchase program on Thursday, June 22nd that permits the company to buyback $297.00 million in shares. This buyback authorization permits the semiconductor producer to reacquire up to 2.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Tuesday, September 19th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, September 18th. STMicroelectronics N.V.’s dividend payout ratio (DPR) is presently 40.00%.

A number of research analysts recently weighed in on STM shares. Stifel Nicolaus raised STMicroelectronics N.V. from a “hold” rating to a “buy” rating and dropped their price target for the stock from $14.84 to $14.50 in a research note on Tuesday, June 27th. BidaskClub downgraded STMicroelectronics N.V. from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. J P Morgan Chase & Co raised STMicroelectronics N.V. from a “neutral” rating to an “overweight” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded STMicroelectronics N.V. from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research report on Saturday, July 29th. Finally, Craig Hallum restated a “buy” rating on shares of STMicroelectronics N.V. in a research report on Wednesday, September 13th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. STMicroelectronics N.V. presently has an average rating of “Buy” and a consensus price target of $18.38.

WARNING: “STMicroelectronics N.V. Sees Unusually High Options Volume (NYSE:STM)” was originally published by BBNS and is owned by of BBNS. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/stmicroelectronics-n-v-target-of-unusually-high-options-trading-stm/1700899.html.

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.

Receive News & Ratings for STMicroelectronics N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics N.V. and related companies with our FREE daily email newsletter.

 


Latest News

Alex Cora Becomes New Manager for Boston Red Sox
Alex Cora Becomes New Manager for Boston Red Sox
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends


Leave a Reply

 
© 2006-2017 BBNS.