Raymond James Financial Services Advisors Inc. Invests $133,000 in STMicroelectronics NV (STM)

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Raymond James Financial Services Advisors Inc. bought a new stake in shares of STMicroelectronics NV (NYSE:STM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 11,694 shares of the company’s stock, valued at approximately $133,000.

Other institutional investors also recently added to or reduced their stakes in the company. CIBC World Markets Inc. acquired a new position in shares of STMicroelectronics NV during the third quarter valued at approximately $208,000. Bank of Montreal Can increased its position in shares of STMicroelectronics NV by 2.8% in the third quarter. Bank of Montreal Can now owns 29,232 shares of the company’s stock valued at $238,000 after buying an additional 795 shares during the period. Timber Hill LLC acquired a new position in shares of STMicroelectronics NV during the third quarter valued at approximately $289,000. BNP Paribas Arbitrage SA increased its position in shares of STMicroelectronics NV by 42.9% in the third quarter. BNP Paribas Arbitrage SA now owns 50,000 shares of the company’s stock valued at $408,000 after buying an additional 15,000 shares during the period. Finally, Capstone Asset Management Co. increased its position in shares of STMicroelectronics NV by 1.9% in the third quarter. Capstone Asset Management Co. now owns 68,249 shares of the company’s stock valued at $556,000 after buying an additional 1,290 shares during the period. 3.07% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for STMicroelectronics NV (NYSE:STM)

STMicroelectronics NV (NYSE:STM) opened at 15.62 on Friday. STMicroelectronics NV has a 12 month low of $5.11 and a 12 month high of $15.74. The company has a market cap of $13.80 billion, a P/E ratio of 83.53 and a beta of 0.88. The firm has a 50-day moving average price of $14.70 and a 200 day moving average price of $10.76.

STMicroelectronics NV (NYSE:STM) last released its earnings results on Thursday, January 26th. The company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. STMicroelectronics NV had a return on equity of 5.37% and a net margin of 2.37%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities research analysts predict that STMicroelectronics NV will post $0.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 21st will be given a $0.06 dividend. The ex-dividend date of this dividend is Friday, March 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.54%. STMicroelectronics NV’s dividend payout ratio (DPR) is presently 105.27%.

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Several brokerages have commented on STM. Zacks Investment Research downgraded STMicroelectronics NV from a “buy” rating to a “hold” rating in a research report on Tuesday, December 20th. Craig Hallum reaffirmed a “buy” rating and issued a $15.00 price objective (up previously from $11.00) on shares of STMicroelectronics NV in a research report on Saturday, January 28th. Credit Suisse Group AG raised STMicroelectronics NV from an “underperform” rating to a “neutral” rating in a research report on Friday, January 27th. Barclays PLC raised STMicroelectronics NV from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, February 22nd. Finally, JPMorgan Chase & Co. raised STMicroelectronics NV from an “underweight” rating to a “neutral” rating in a research report on Friday, January 27th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.00.

STMicroelectronics NV Company Profile

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Source: einnews.com