Arkadios Wealth Advisors Makes New $239,000 Investment in STMicroelectronics (NYSE:STM)

Arkadios Wealth Advisors acquired a new stake in STMicroelectronics (NYSE:STM) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,044 shares of the semiconductor producer’s stock, valued at approximately $239,000.

Several other institutional investors have also added to or reduced their stakes in the company. Waldron Private Wealth LLC bought a new stake in STMicroelectronics in the third quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. raised its stake in STMicroelectronics by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after buying an additional 734 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in STMicroelectronics in the second quarter worth about $51,000. Denver PWM LLC bought a new stake in STMicroelectronics during the 2nd quarter valued at approximately $72,000. Finally, Cromwell Holdings LLC grew its holdings in shares of STMicroelectronics by 68.1% during the 3rd quarter. Cromwell Holdings LLC now owns 2,559 shares of the semiconductor producer’s stock worth $76,000 after acquiring an additional 1,037 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Down 1.5 %

STM opened at $27.15 on Friday. STMicroelectronics has a 1-year low of $26.63 and a 1-year high of $51.27. The firm’s 50 day simple moving average is $28.76 and its two-hundred day simple moving average is $35.49. The company has a current ratio of 3.35, a quick ratio of 2.56 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $24.53 billion, a PE ratio of 8.43, a PEG ratio of 3.47 and a beta of 1.57.

STMicroelectronics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Tuesday, December 17th. STMicroelectronics’s payout ratio is 9.32%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein cut their price target on STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Susquehanna reduced their price target on STMicroelectronics from $45.00 to $35.00 and set a “positive” rating for the company in a report on Monday, October 21st. StockNews.com cut shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Citigroup upgraded shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley downgraded shares of STMicroelectronics from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $39.56.

STMicroelectronics Company 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.