ClearAlpha Technologies LP Invests $294,000 in STMicroelectronics N.V. $STM

ClearAlpha Technologies LP purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 11,324 shares of the semiconductor producer’s stock, valued at approximately $294,000.

Other large investors have also bought and sold shares of the company. Abound Wealth Management bought a new stake in STMicroelectronics during the 4th quarter worth approximately $26,000. CIBC Private Wealth Group LLC grew its position in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares during the last quarter. Advisory Services Network LLC bought a new stake in STMicroelectronics during the 3rd quarter worth approximately $52,000. Brown Brothers Harriman & Co. grew its position in STMicroelectronics by 350.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in STMicroelectronics during the 4th quarter worth approximately $74,000. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Down 1.6%

Shares of STM opened at $73.36 on Thursday. The firm has a market capitalization of $65.89 billion, a price-to-earnings ratio of 458.55 and a beta of 1.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The business’s fifty day moving average price is $59.65 and its two-hundred day moving average price is $40.38. STMicroelectronics N.V. has a 52 week low of $21.11 and a 52 week high of $81.42.

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

STMicroelectronics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 22nd will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Tuesday, September 22nd. STMicroelectronics’s dividend payout ratio (DPR) is currently 193.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on STM. Susquehanna increased their price target on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, February 23rd. Mizuho increased their price target on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, June 10th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics 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.