Nicholas Investment Partners LP reduced its holdings in STMicroelectronics N.V. (NYSE:STM) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,462 shares of the semiconductor producer’s stock after selling 2,607 shares during the period. Nicholas Investment Partners LP’s holdings in STMicroelectronics were worth $3,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC grew its holdings in shares of STMicroelectronics by 5.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 9,105 shares of the semiconductor producer’s stock worth $127,000 after purchasing an additional 433 shares in the last quarter. CIBC World Markets Inc. grew its holdings in shares of STMicroelectronics by 8.1% during the 2nd quarter. CIBC World Markets Inc. now owns 13,636 shares of the semiconductor producer’s stock worth $196,000 after purchasing an additional 1,027 shares in the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of STMicroelectronics by 7.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 16,514 shares of the semiconductor producer’s stock worth $237,000 after purchasing an additional 1,101 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of STMicroelectronics by 4.6% during the 2nd quarter. Bank of Montreal Can now owns 30,957 shares of the semiconductor producer’s stock worth $445,000 after purchasing an additional 1,349 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of STMicroelectronics by 22.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,573 shares of the semiconductor producer’s stock worth $138,000 after purchasing an additional 1,765 shares in the last quarter. 5.06% of the stock is currently owned by institutional investors.

Shares of STMicroelectronics N.V. (NYSE STM) traded up $0.03 during mid-day trading on Wednesday, reaching $21.92. The company had a trading volume of 4,643,500 shares, compared to its average volume of 4,507,712. The company has a current ratio of 2.29, a quick ratio of 1.73 and a debt-to-equity ratio of 0.33. The firm has a market cap of $19,942.45, a price-to-earnings ratio of 29.99, a price-to-earnings-growth ratio of 4.76 and a beta of 0.78. STMicroelectronics N.V. has a twelve month low of $10.30 and a twelve month high of $24.80.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor producer reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.10 billion. STMicroelectronics had a return on equity of 13.47% and a net margin of 7.84%. STMicroelectronics’s quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. research analysts anticipate that STMicroelectronics N.V. will post 0.92 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Tuesday, December 19th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Monday, December 18th. STMicroelectronics’s dividend payout ratio is 29.41%.

STM has been the topic of several recent research reports. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a report on Tuesday, October 31st. Craig Hallum lifted their price objective on STMicroelectronics from $21.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, ValuEngine lowered STMicroelectronics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. STMicroelectronics currently has an average rating of “Buy” and an average price target of $21.88.

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STMicroelectronics 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.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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