XTX Topco Ltd Has $946,000 Stake in STMicroelectronics (NYSE:STM)

XTX Topco Ltd lowered its holdings in STMicroelectronics (NYSE:STM) by 21.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,079 shares of the semiconductor producer’s stock after selling 6,528 shares during the quarter. XTX Topco Ltd’s holdings in STMicroelectronics were worth $946,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of STM. Dimensional Fund Advisors LP raised its holdings in shares of STMicroelectronics by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 769,433 shares of the semiconductor producer’s stock valued at $38,572,000 after buying an additional 109,477 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of STMicroelectronics by 374.5% in the first quarter. Orion Portfolio Solutions LLC now owns 38,010 shares of the semiconductor producer’s stock worth $1,644,000 after acquiring an additional 29,999 shares during the last quarter. Jane Street Group LLC lifted its position in shares of STMicroelectronics by 153.8% during the first quarter. Jane Street Group LLC now owns 178,483 shares of the semiconductor producer’s stock worth $7,718,000 after purchasing an additional 108,152 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of STMicroelectronics by 5.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,369,273 shares of the semiconductor producer’s stock valued at $118,772,000 after purchasing an additional 120,399 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of STMicroelectronics in the first quarter valued at approximately $554,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $27.94 on Friday. The firm’s 50 day simple moving average is $31.97 and its 200 day simple moving average is $38.66. STMicroelectronics has a fifty-two week low of $27.44 and a fifty-two week high of $51.27. The company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 3.35 and a beta of 1.58. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 2.56.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, July 25th. The semiconductor producer reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. STMicroelectronics had a net margin of 19.68% and a return on equity of 18.18%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period last year, the firm posted $1.06 earnings per share. The business’s quarterly revenue was down 25.3% compared to the same quarter last year. As a group, sell-side analysts forecast that STMicroelectronics will post 1.66 earnings per share for the current year.

STMicroelectronics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 17th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. STMicroelectronics’s dividend payout ratio (DPR) is currently 7.69%.

Wall Street Analysts Forecast Growth

STM has been the topic of several research reports. TD Cowen reduced their price objective on STMicroelectronics from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Morgan Stanley lowered STMicroelectronics from an “overweight” rating to an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group upgraded STMicroelectronics from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $35.50 to $45.80 in a research report on Tuesday, June 18th. StockNews.com cut STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Sanford C. Bernstein reduced their target price on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus target price of $43.13.

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.