Bank of Montreal Can boosted its position in STMicroelectronics NV (NYSE:STM) by 13.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 41,678 shares of the semiconductor producer’s stock after acquiring an additional 4,957 shares during the period. Bank of Montreal Can’s holdings in STMicroelectronics were worth $764,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new stake in STMicroelectronics in the 2nd quarter worth approximately $125,000. Marietta Investment Partners LLC purchased a new stake in STMicroelectronics in the 2nd quarter worth approximately $202,000. BB&T Securities LLC purchased a new stake in shares of STMicroelectronics during the 2nd quarter valued at $214,000. Lido Advisors LLC grew its stake in shares of STMicroelectronics by 29.7% during the 2nd quarter. Lido Advisors LLC now owns 12,386 shares of the semiconductor producer’s stock valued at $273,000 after buying an additional 2,833 shares during the period. Finally, Cornerstone Wealth Management LLC purchased a new stake in shares of STMicroelectronics during the 2nd quarter valued at $343,000. 3.73% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:STM traded down $0.58 during midday trading on Friday, hitting $13.36. 3,174,872 shares of the company’s stock traded hands, compared to its average volume of 3,353,772. The company has a current ratio of 2.54, a quick ratio of 1.81 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $12.50 billion, a price-to-earnings ratio of 13.63, a PEG ratio of 2.01 and a beta of 1.07. STMicroelectronics NV has a twelve month low of $13.28 and a twelve month high of $26.43.

STMicroelectronics (NYSE:STM) last posted its earnings results on Wednesday, October 24th. The semiconductor producer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.04. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.50 billion. STMicroelectronics had a net margin of 12.41% and a return on equity of 21.97%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS. On average, analysts predict that STMicroelectronics NV will post 1.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 27th. Investors of record on Tuesday, December 18th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, December 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. STMicroelectronics’s payout ratio is 20.41%.

Several analysts have recently issued reports on the stock. Credit Suisse Group reissued a “buy” rating on shares of STMicroelectronics in a research note on Monday, November 19th. Goldman Sachs Group reissued a “hold” rating on shares of STMicroelectronics in a research note on Wednesday, November 7th. UBS Group raised shares of STMicroelectronics from a “sell” rating to a “neutral” rating in a research note on Monday, October 29th. Zacks Investment Research raised shares of STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Finally, Robert W. Baird cut shares of STMicroelectronics from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $23.48.

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STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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