Hantz Financial Services Inc. Takes Position in STMicroelectronics (NYSE:STM)

Hantz Financial Services Inc. acquired a new stake in STMicroelectronics (NYSE:STM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 54,674 shares of the semiconductor producer’s stock, valued at approximately $1,365,000.

Several other large investors have also bought and sold shares of STM. Van ECK Associates Corp lifted its holdings in STMicroelectronics by 26.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock valued at $228,655,000 after acquiring an additional 1,719,257 shares during the last quarter. Two Sigma Advisers LP lifted its stake in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in STMicroelectronics during the third quarter worth approximately $7,642,000. International Assets Investment Management LLC acquired a new position in STMicroelectronics in the third quarter worth approximately $4,158,000. Finally, Point72 Asset Management L.P. bought a new position in shares of STMicroelectronics in the third quarter valued at $1,924,000. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Craig Hallum reduced their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Barclays downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Finally, TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $25.00 in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Hold” and a consensus target price of $33.40.

STMicroelectronics Trading Down 0.5 %

Shares of NYSE:STM opened at $22.41 on Friday. STMicroelectronics has a 12-month low of $21.96 and a 12-month high of $49.05. The company has a quick ratio of 2.16, a current ratio of 2.84 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $20.24 billion, a P/E ratio of 9.22, a price-to-earnings-growth ratio of 4.36 and a beta of 1.52. The firm has a fifty day moving average of $25.29 and a two-hundred day moving average of $28.14.

STMicroelectronics (NYSE:STM) last issued its earnings results 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 return on equity of 13.29% and a net margin of 16.11%. On average, equities analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

STMicroelectronics Dividend Announcement

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

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.