The AMP Capital Investors Ltd Invests $909,000 in STMicroelectronics NV (STM), Report finds

The AMP Capital Investors Ltd Invests $909,000 in STMicroelectronics NV (STM), Report finds

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley raised its position in STMicroelectronics NV by 51.4% in the third quarter. Morgan Stanley now owns 4,749,798 shares of the company’s stock valued at $38,710,000 after buying an additional 1,613,515 shares during the period. JPMorgan Chase & Co. raised its position in STMicroelectronics NV by 354.1% in the second quarter. JPMorgan Chase & Co. now owns 490,582 shares of the company’s stock valued at $2,890,000 after buying an additional 382,550 shares during the period. Granite Point Capital Management L.P. purchased a new position in STMicroelectronics NV during the third quarter valued at approximately $2,236,000. US Bancorp DE raised its position in STMicroelectronics NV by 12,882.7% in the third quarter. US Bancorp DE now owns 181,239 shares of the company’s stock valued at $1,477,000 after buying an additional 179,843 shares during the period. Finally, Espalier Global Management LLC purchased a new position in STMicroelectronics NV during the third quarter valued at approximately $921,000. Hedge funds and other institutional investors own 3.03% of the company’s stock.

AMP Capital Investors Ltd acquired a new stake in STMicroelectronics NV (NYSE:STM) during the third quarter, Holdings Channel reports. The firm acquired 115,001 shares of the company’s stock, valued at approximately $909,000.

Shares of STMicroelectronics NV (NYSE:STM) traded down 2.01% on Thursday, reaching $13.66. 10,627,953 shares of the company’s stock were exchanged. The firm has a market capitalization of $12.07 billion, a P/E ratio of 71.89 and a beta of 0.88. STMicroelectronics NV has a one year low of $5.11 and a one year high of $14.44. The firm has a 50 day moving average of $12.17 and a 200 day moving average of $9.36.

STMicroelectronics NV (NYSE:STM) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. STMicroelectronics NV had a net margin of 2.37% and a return on equity of 5.37%. The business earned $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. The company’s revenue was up 11.5% on a year-over-year basis. On average, equities research analysts predict that STMicroelectronics NV will post $0.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, March 17th. STMicroelectronics NV’s payout ratio is 105.27%.

STM has been the subject of several recent analyst reports. Craig Hallum reiterated a “buy” rating and set a $15.00 price objective (up previously from $11.00) on shares of STMicroelectronics NV in a research note on Saturday, January 28th. Morgan Stanley lowered shares of STMicroelectronics NV from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 4th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of STMicroelectronics NV from a “buy” rating to a “hold” rating in a research note on Tuesday, December 20th. Stifel Nicolaus upgraded shares of STMicroelectronics NV from a “hold” rating to a “buy” rating in a research note on Thursday, October 27th. Finally, Credit Suisse Group upgraded shares of STMicroelectronics NV from an “underperform” rating to a “neutral” rating in a research note on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.00.

About STMicroelectronics NV

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