Capital Research & Management Co has recently announced that it has increased stake in ST Microelectronics (NYSE:STM) by 2.54%. After grabbing 2.89 million shares, the institutional investor is now in possession of 71554.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.32% having worth around $144.68 million. Moreover, BlackRock Fund Advisors increased its share by 42420.0 to have a control over 2.73 million shares. And Neuberger Berman Investment Advis raised its holdings to 1.08 million shares by acquiring 2.34 million shares or 0.26% of the stake.
ST Microelectronics (STM) concluded trading on Wednesday at a closing price of $45.96, with 6.09 million shares of worth about $279.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.96% during that period and On Wednesday, January 24 the price saw a loss of about -1.52%. Currently the company’s common shares owned by public are about 903.98M shares, out of which, 903.98M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 7 times over the past 12 months. They bought 151 shares in 4 of the transactions. In 3 selling transactions, insiders dumped 97,209 shares.
VanEck Semiconductor ETF, iShares Semiconductor ETF, and Direxion Daily Semiconductor Bull are the top 3 mutual funds which are holding stakes in ST Microelectronics VanEck Semiconductor ETF is currently holding 3.48 million shares of worth totaling $174.32 million. The company recently came buying 15384.0 shares which brought its stake up to 0.38% of the company’s outstanding shares. iShares Semiconductor ETF bought 72387.0 shares, after which its hold over company’s outstanding shares expand to 0.32%, leaving 2.93 million shares with the mutual fund that have a worth of about $146.77 million. Direxion Daily Semiconductor Bull, after selling 1.5 million shares, have now control over 0.17% of the stake in the company. It holds -0.15 million shares of worth $75.09 million.
Stock saw a price change of 7.99% in past 5 days and over the past one month there was a price change of -8.52%. Year-to-date (YTD), STM shares are showing a performance of -8.32% which increased to 6.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.21 but also hit the highest price of $55.85 during that period. The average intraday trading volume for ST Microelectronics shares is 3.40 million. The stock is currently trading -0.75% below its 20-day simple moving average (SMA20), while that difference is down -1.36% for SMA50 and it goes to -0.31% lower than SMA200.
Capital Research & Management Co acquired 2.89 million shares of ST Microelectronics having value of about $144.68 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 71554.0 shares in the company valued at close to $3288621.84, or have control over 2.54% stake in the company. ST Microelectronics (NYSE: STM) currently have 903.98M outstanding shares and institutions hold larger chunk of about 6.06% of that. Holding of mutual funds in the company is about 1.56% while other institutional holders and individual stake holders have control over 4.46% and — of the stake respectively.
The stock has a current market capitalization of $41.55B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 9.89, while it has posted earnings per share of $4.65 in the same period. Its PEG reads 1.98 and has Quick Ratio of 2.17 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STM, volatility over the week remained 2.07% while standing at 1.81% over the month.
Analysts are in expectations that ST Microelectronics (STM) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $0.87 and it is $3.89 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.91 which is $0.97 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 2.59% while it is estimated to decrease by -10.37% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 35.69% made by the stock over the past 5-years.
