Crews Bank & Trust Buys Shares of 2,800 STMicroelectronics (NYSE:STM)

Crews Bank & Trust purchased a new position in STMicroelectronics (NYSE:STM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,800 shares of the semiconductor producer’s stock, valued at approximately $70,000.

A number of other institutional investors have also made changes to their positions in the stock. Truvestments Capital LLC bought a new position in STMicroelectronics during the third quarter worth about $25,000. Archer Investment Corp bought a new position in STMicroelectronics during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC grew its holdings in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares during the period. Waldron Private Wealth LLC bought a new stake in STMicroelectronics in the third quarter valued at approximately $34,000. Finally, TD Private Client Wealth LLC raised its holdings in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after purchasing an additional 809 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 0.5 %

NYSE STM opened at $22.41 on Friday. The company has a market cap of $20.24 billion, a PE ratio of 9.22, a PEG ratio of 4.36 and a beta of 1.52. STMicroelectronics has a 12 month low of $21.96 and a 12 month high of $49.05. The stock has a 50 day moving average of $25.29 and a 200-day moving average of $28.14. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. On average, equities research analysts anticipate that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.09 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.61%. STMicroelectronics’s payout ratio is 14.81%.

Analysts Set New Price Targets

STM has been the topic of a number of research analyst reports. Robert W. Baird dropped their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Susquehanna cut their price target on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday. Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Finally, Craig Hallum reduced their price target on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.40.

STMicroelectronics Profile

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.