Havemeyer Place LP Takes $203,000 Position in STMicroelectronics N.V. $STM

Havemeyer Place LP bought a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,815 shares of the semiconductor producer’s stock, valued at approximately $203,000.

Several other hedge funds have also recently made changes to their positions in STM. Amundi purchased a new position in shares of STMicroelectronics during the first quarter valued at approximately $947,000. AQR Capital Management LLC boosted its position in shares of STMicroelectronics by 182.8% during the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after purchasing an additional 20,745 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $119,000. M&T Bank Corp bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $303,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of STMicroelectronics by 79.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after purchasing an additional 2,156 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Trading Down 3.6%

STMicroelectronics stock opened at $70.70 on Thursday. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $55.47 and its two-hundred day simple moving average is $38.47. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42. The company has a market capitalization of $63.50 billion, a price-to-earnings ratio of 441.88 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion for the quarter. As a group, equities analysts predict that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 22nd will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 22nd. STMicroelectronics’s payout ratio is 193.75%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Mizuho lifted their price target on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 23rd. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Wednesday. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Company Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.