7,815 Shares in STMicroelectronics N.V. $STM Acquired by Havemeyer Place LP

Havemeyer Place LP bought a new position in STMicroelectronics N.V. (NYSE:STM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 7,815 shares of the semiconductor producer’s stock, valued at approximately $203,000.

A number of other hedge funds also recently bought and sold shares of STM. Amundi bought a new stake in STMicroelectronics in the 1st quarter worth approximately $947,000. AQR Capital Management LLC lifted its position in STMicroelectronics by 182.8% in the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after buying an additional 20,745 shares during the last quarter. Legal & General Group Plc bought a new stake in STMicroelectronics in the 2nd quarter worth approximately $119,000. M&T Bank Corp bought a new stake in STMicroelectronics in the 2nd quarter worth approximately $303,000. Finally, EverSource Wealth Advisors LLC lifted its position in STMicroelectronics by 79.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock worth $148,000 after buying an additional 2,156 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $70.70 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. The business’s 50 day simple moving average is $55.47 and its two-hundred day simple moving average is $38.47. The stock has a market capitalization of $63.50 billion, a P/E ratio of 441.88 and a beta of 1.94. STMicroelectronics N.V. has a one year low of $21.11 and a one year high of $81.42.

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

STMicroelectronics Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on STM shares. Susquehanna boosted their target price on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, February 23rd. Mizuho boosted their target price on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research report on Thursday, May 28th. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Finally, Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Sunday, April 26th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.39.

About STMicroelectronics

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.