STMicroelectronics (NYSE:STM) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 576.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,920,774 shares of the semiconductor producer's stock after acquiring an additional 1,636,707 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.21% of STMicroelectronics worth $47,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new stake in STMicroelectronics in the fourth quarter valued at approximately $468,000. Point72 Asset Management L.P. acquired a new stake in STMicroelectronics during the 3rd quarter valued at $1,924,000. Callan Family Office LLC acquired a new stake in STMicroelectronics during the 4th quarter valued at $486,000. Schechter Investment Advisors LLC purchased a new stake in STMicroelectronics during the 4th quarter worth $758,000. Finally, Raymond James Financial Inc. acquired a new position in STMicroelectronics in the 4th quarter worth $1,738,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

Shares of NYSE STM traded down $1.04 during midday trading on Friday, hitting $18.49. The company's stock had a trading volume of 11,952,338 shares, compared to its average volume of 5,114,720. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a 1-year low of $18.05 and a 1-year high of $45.39. The firm's fifty day moving average price is $24.08 and its 200-day moving average price is $25.62. The firm has a market cap of $16.61 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, sell-side analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on STM shares. Barclays lowered STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Susquehanna dropped their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Sanford C. Bernstein cut STMicroelectronics from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, STMicroelectronics has an average 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.