STMicroelectronics (NYSE:STM) Stock Position Boosted by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in STMicroelectronics (NYSE:STM - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 518,411 shares of the semiconductor producer's stock after buying an additional 21,983 shares during the period. American Century Companies Inc. owned approximately 0.06% of STMicroelectronics worth $12,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STM. GAMMA Investing LLC raised its stake in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in shares of STMicroelectronics during the fourth quarter worth about $31,000. Smartleaf Asset Management LLC boosted its position in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after buying an additional 921 shares during the period. Rakuten Securities Inc. grew its stake in shares of STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after buying an additional 1,180 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after buying an additional 809 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Stock Performance

STM stock traded down $1.04 during midday trading on Friday, reaching $18.49. The company had a trading volume of 11,952,338 shares, compared to its average volume of 5,114,720. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $24.08 and a 200 day moving average price of $25.62. The firm has a market capitalization of $16.61 billion, a PE ratio of 11.14, a P/E/G ratio of 1.16 and a beta of 1.56. STMicroelectronics has a fifty-two week low of $18.05 and a fifty-two week high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its 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%. Analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on STM shares. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Susquehanna cut their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. TD Cowen cut STMicroelectronics from a "buy" rating to a "hold" rating and cut their price target for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, STMicroelectronics presently has a consensus rating of "Hold" and an average price target 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.