Naples Global Advisors LLC Has $891,000 Stake in STMicroelectronics (NYSE:STM)

Naples Global Advisors LLC lowered its holdings in shares of STMicroelectronics (NYSE:STM) by 29.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,691 shares of the semiconductor producer’s stock after selling 14,656 shares during the quarter. Naples Global Advisors LLC’s holdings in STMicroelectronics were worth $891,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp increased its stake in STMicroelectronics by 26.5% during the 3rd 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 in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of 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 buying an additional 1,216,300 shares during the period. Mediolanum International Funds Ltd acquired a new position in shares of STMicroelectronics in the third quarter valued at approximately $7,642,000. Raymond James & Associates increased its position 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 acquiring an additional 38,874 shares in the last quarter. Finally, International Assets Investment Management LLC acquired 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.

STMicroelectronics Stock Up 1.7 %

STM opened at $23.92 on Friday. The stock’s fifty day simple moving average is $24.75 and its 200 day simple moving average is $27.10. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $49.05. The stock has a market cap of $21.61 billion, a PE ratio of 14.41, a price-to-earnings-growth ratio of 0.97 and a beta of 1.51. 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 (NYSE:STM) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, research analysts expect that STMicroelectronics will post 0.82 earnings per share for the current year.

STMicroelectronics Announces Dividend

The company 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. This represents a $0.36 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio is 18.67%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STM. Craig Hallum lowered their target price on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, October 31st. BNP Paribas assumed coverage on STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Finally, Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.26.

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.