Diversified Trust Co Invests $583,000 in STMicroelectronics (NYSE:STM)

Diversified Trust Co purchased a new stake in shares of STMicroelectronics (NYSE:STM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,341 shares of the semiconductor producer’s stock, valued at approximately $583,000.

Several other hedge funds have also recently bought and sold shares of STM. Rhumbline Advisers increased its holdings in shares of STMicroelectronics by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 19,718 shares of the semiconductor producer’s stock valued at $775,000 after purchasing an additional 1,275 shares during the period. Choreo LLC acquired a new position in STMicroelectronics in the 2nd quarter valued at approximately $1,029,000. American Century Companies Inc. lifted its position in STMicroelectronics by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 469,669 shares of the semiconductor producer’s stock worth $18,449,000 after buying an additional 28,846 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of STMicroelectronics by 128.1% during the 2nd quarter. Federated Hermes Inc. now owns 648,403 shares of the semiconductor producer’s stock valued at $25,469,000 after buying an additional 364,184 shares during the period. Finally, Inspire Advisors LLC grew its holdings in shares of STMicroelectronics by 2.9% during the 2nd quarter. Inspire Advisors LLC now owns 12,970 shares of the semiconductor producer’s stock valued at $509,000 after acquiring an additional 363 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 2.7 %

STM stock opened at $24.60 on Friday. The stock has a market capitalization of $22.22 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 3.20 and a beta of 1.52. The company has a 50-day moving average of $25.66 and a two-hundred day moving average of $29.95. STMicroelectronics has a 52-week low of $23.94 and a 52-week high of $49.05. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.84 and a quick ratio of 2.16.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company earned $1.16 earnings per share. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. As a group, equities research analysts anticipate that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, March 25th. STMicroelectronics’s dividend payout ratio (DPR) is presently 14.81%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STM. Robert W. Baird reduced their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Monday, November 4th. Susquehanna reaffirmed a “positive” rating and set a $33.00 price objective on shares of STMicroelectronics in a research report on Thursday, November 21st. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, StockNews.com downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.26.

STMicroelectronics Company 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.