Aigen Investment Management LP Grows Stake in STMicroelectronics (NYSE:STM)

Aigen Investment Management LP lifted its holdings in STMicroelectronics (NYSE:STM - Free Report) by 100.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,986 shares of the semiconductor producer's stock after acquiring an additional 39,082 shares during the period. Aigen Investment Management LP's holdings in STMicroelectronics were worth $1,947,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in shares of STMicroelectronics in the third quarter worth about $25,000. Archer Investment Corp bought a new position in shares of STMicroelectronics in the third quarter worth about $30,000. GAMMA Investing LLC boosted its stake in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after acquiring an additional 531 shares during the period. Newbridge Financial Services Group Inc. bought a new position in STMicroelectronics during the fourth quarter valued at approximately $31,000. Finally, Smartleaf Asset Management LLC boosted its stake in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after buying an additional 921 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Trading Up 2.1 %

Shares of NYSE STM traded up $0.55 during midday trading on Friday, hitting $26.46. The company's stock had a trading volume of 9,180,875 shares, compared to its average volume of 7,540,910. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $24.75 and its two-hundred day moving average is $26.53. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $48.75. The firm has a market cap of $23.90 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

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STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STM. Barclays lowered STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. BNP Paribas began coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target for the company. JPMorgan Chase & Co. reissued a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen lowered STMicroelectronics from a "buy" rating to a "hold" rating and dropped their price target for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $31.26.

STMicroelectronics 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.