Jane Street Group LLC raised its position in shares of STMicroelectronics N.V. (NYSE:STM) by 74.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm now has a neutral rating on the semiconductor producer's stock. Financial Architects Inc purchased a new position in STMicroelectronics N.V. during the first quarter valued at $123,000.
Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of STMicroelectronics N.V.by 20.0% in the fourth quarter.
About 1.59M shares traded. Highland Capital Management LLC now owns 226,127 shares of the semiconductor producer's stock valued at $3,496,000 after buying an additional 3,630 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of STMicroelectronics N.V.by 362.4% in the first quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of STMicroelectronics N.V.by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer's stock worth $121,000 after buying an additional 4,175 shares during the period.
The share price of the company (NYSE:STM) was up +3.28% during the last trading session, with a high of 14.84 and the volume of STMicroelectronics N.V. shares traded was 4919614. Acadian Asset Management LLC now owns 3,807,959 shares of the semiconductor producer's stock valued at $58,870,000 after buying an additional 3,286,041 shares in the last quarter. The stock has a market cap of $12.76 billion, a P/E ratio of 40.56 and a beta of 0.63. STMicroelectronics NV has a 12-month low of €4.72 and a 12-month high of €15.59. The 50 day SMA of the stock is of $16.31 along with a 200 - day SMA of $14.31.
Insider and Institutional Ownership 4.9% of STMicroelectronics N.V. shares are held by institutional investors. Analysts forecast earnings per share of $0.18, up exactly $0.14 or 350.00 % from 2014's $0.04 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter a year ago. During the same quarter past year, the business earned ($0.02) earnings per share. The firm's revenue for the quarter was up 12.9% compared to the same quarter a year ago. Zacks Investment Research's sales calculations are a mean average based on a survey of analysts that that provide coverage for STMicroelectronics N.V.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th.
STMicroelectronics N.V. was upgraded to "buy" by analysts at Stifel Nicolaus. The dividend will be $0.060 per share for the quarter or $0.24 annualized. The ex-dividend date is Friday, June 23rd. STMicroelectronics N.V.'s payout yield is 55.56%.
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(NYSE:STM) previously issued its earnings report on Early Thur, Apr 27th. Zacks Investment Research lowered STMicroelectronics N.V. from a "buy" rating to a "hold" rating in a report on Wednesday, June 7th. Finally, Deutsche Bank AG set a €12.00 ($13.48) price target on shares of STMicroelectronics NV and gave the company a sell rating in a report on Saturday, May 20th. Craig Hallum reiterated a "buy" rating and set a $20.00 price target on shares of STMicroelectronics N.V.in a report on Thursday, April 27th.
On September 2 the company was rated "Underperform" according to a Bank of America report a cut from the previous "Neutral" rating. Two research experts recommended the company shares with a sell recommendation, four have published a hold recommendation and five has issued a buy recommendation to The corporation. the share presently has a consensus rating of "Hold" and an average price target of $17.67.