Brandes Investment Partners LP Purchases 265,108 Shares of STMicroelectronics N.V. $STM

Brandes Investment Partners LP boosted its position in shares of STMicroelectronics N.V. (NYSE:STM) by 20.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,566,965 shares of the semiconductor producer’s stock after purchasing an additional 265,108 shares during the period. Brandes Investment Partners LP’s holdings in STMicroelectronics were worth $40,647,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Abound Wealth Management bought a new position in shares of STMicroelectronics in the fourth quarter worth about $26,000. Advisory Services Network LLC bought a new position in shares of STMicroelectronics in the third quarter worth about $52,000. Banque Cantonale Vaudoise bought a new position in shares of STMicroelectronics in the fourth quarter worth about $74,000. Rakuten Securities Inc. raised its stake in shares of STMicroelectronics by 132.7% in the second quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock worth $89,000 after acquiring an additional 1,663 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of STMicroelectronics in the third quarter worth about $106,000. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Trading Down 2.2%

STM opened at $73.35 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The company has a market cap of $65.88 billion, a price-to-earnings ratio of 458.49 and a beta of 1.94. The firm has a 50 day simple moving average of $54.68 and a 200 day simple moving average of $38.12. STMicroelectronics N.V. has a fifty-two week low of $21.11 and a fifty-two week high of $81.42.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The business had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. On average, sell-side analysts anticipate that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 22nd will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s payout ratio is 193.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Friday, May 15th. Susquehanna boosted their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. Bank of America boosted their target price on shares of STMicroelectronics from $73.00 to $83.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.81.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.