STMicroelectronics Sees Unusually High Options Volume (STM)

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STMicroelectronics NV (NYSE:STM) was the target of some unusual options trading activity on Monday. Traders purchased 4,863 put options on the stock. This represents an increase of approximately 842% compared to the average volume of 516 put options.

Shares of NYSE:STM opened at $17.88 on Tuesday. STMicroelectronics has a twelve month low of $12.00 and a twelve month high of $26.43. The company has a current ratio of 2.76, a quick ratio of 2.02 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $16.29 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.34 and a beta of 1.07.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 24th. The semiconductor producer reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. STMicroelectronics had a net margin of 13.32% and a return on equity of 21.88%. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the business earned $0.36 EPS. As a group, analysts expect that STMicroelectronics will post 1.09 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 19th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, March 18th. STMicroelectronics’s dividend payout ratio (DPR) is presently 13.99%.

Several equities analysts have issued reports on STM shares. ValuEngine upgraded shares of STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Tuesday, April 2nd. UBS Group restated a “hold” rating and set a $14.00 target price on shares of STMicroelectronics in a research note on Wednesday, April 10th. Zacks Investment Research upgraded shares of STMicroelectronics from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Cowen started coverage on shares of STMicroelectronics in a research note on Friday, February 22nd. They set an “outperform” rating and a $21.00 target price on the stock. Finally, Deutsche Bank restated a “buy” rating on shares of STMicroelectronics in a research note on Friday, January 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. STMicroelectronics has an average rating of “Hold” and an average target price of $17.14.

Several large investors have recently modified their holdings of STM. BlackRock Inc. increased its stake in STMicroelectronics by 5,119.6% in the 3rd quarter. BlackRock Inc. now owns 76,311 shares of the semiconductor producer’s stock valued at $1,400,000 after buying an additional 74,849 shares during the last quarter. AMP Capital Investors Ltd acquired a new stake in STMicroelectronics in the 3rd quarter valued at $702,000. Hsbc Holdings PLC acquired a new stake in STMicroelectronics in the 3rd quarter valued at $194,000. Allianz Asset Management GmbH increased its stake in STMicroelectronics by 4.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 238,765 shares of the semiconductor producer’s stock valued at $4,379,000 after buying an additional 10,730 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in STMicroelectronics by 164.9% in the 3rd quarter. Deutsche Bank AG now owns 783,375 shares of the semiconductor producer’s stock valued at $14,367,000 after buying an additional 487,671 shares during the last quarter. Hedge funds and other institutional investors own 3.96% of the company’s stock.

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STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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