Paradiem LLC Has $640,000 Stake in STMicroelectronics (NYSE:STM)

Paradiem LLC decreased its holdings in shares of STMicroelectronics (NYSE:STM) by 57.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,768 shares of the semiconductor producer’s stock after selling 17,372 shares during the quarter. Paradiem LLC’s holdings in STMicroelectronics were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of STM. CWM LLC boosted its stake in STMicroelectronics by 28.8% during the 3rd quarter. CWM LLC now owns 1,865 shares of the semiconductor producer’s stock worth $80,000 after acquiring an additional 417 shares during the last quarter. Simplicity Solutions LLC lifted its position in shares of STMicroelectronics by 8.4% in the third quarter. Simplicity Solutions LLC now owns 4,717 shares of the semiconductor producer’s stock worth $204,000 after purchasing an additional 366 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of STMicroelectronics by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 24,086 shares of the semiconductor producer’s stock worth $1,040,000 after purchasing an additional 1,639 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of STMicroelectronics in the third quarter worth $254,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of STMicroelectronics by 53.0% in the third quarter. Hexagon Capital Partners LLC now owns 1,192 shares of the semiconductor producer’s stock worth $51,000 after purchasing an additional 413 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM stock traded down $1.27 on Friday, hitting $41.33. The company’s stock had a trading volume of 3,776,167 shares, compared to its average volume of 3,426,394. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.44 and a current ratio of 3.17. The stock’s 50 day moving average is $43.75 and its 200-day moving average is $44.56. STMicroelectronics has a fifty-two week low of $37.21 and a fifty-two week high of $55.85. The company has a market capitalization of $37.31 billion, a PE ratio of 10.60, a PEG ratio of 2.76 and a beta of 1.69.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, April 25th. The semiconductor producer reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05). STMicroelectronics had a net margin of 22.30% and a return on equity of 23.52%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue was down 18.4% on a year-over-year basis. Equities research analysts expect that STMicroelectronics will post 2.74 earnings per share for the current fiscal year.

STMicroelectronics Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be given a dividend of $0.09 per share. This is a boost from STMicroelectronics’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, June 25th. This represents a $0.36 annualized dividend and a yield of 0.87%. STMicroelectronics’s dividend payout ratio is currently 5.13%.

Analyst Ratings Changes

A number of brokerages have recently commented on STM. Craig Hallum cut their price objective on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th. William Blair restated a “market perform” rating on shares of STMicroelectronics in a report on Friday. Susquehanna restated a “positive” rating and set a $55.00 target price on shares of STMicroelectronics in a report on Monday, April 8th. HSBC started coverage on shares of STMicroelectronics in a report on Thursday, February 22nd. They set a “buy” rating on the stock. Finally, Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.75.

About STMicroelectronics

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.