Brandes Investment Partners LP Takes Position in STMicroelectronics (NYSE:STM)

Brandes Investment Partners LP bought a new position in shares of STMicroelectronics (NYSE:STM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 623,529 shares of the semiconductor producer's stock, valued at approximately $15,570,000. Brandes Investment Partners LP owned 0.07% of STMicroelectronics at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP raised its stake in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Quantbot Technologies LP raised its stake in STMicroelectronics by 174.3% during the third quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock worth $2,886,000 after purchasing an additional 61,682 shares during the period. Aigen Investment Management LP raised its stake in STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock worth $1,947,000 after purchasing an additional 39,082 shares during the period. Raymond James Financial Inc. purchased a new position in STMicroelectronics during the fourth quarter worth about $1,738,000. Finally, Stifel Financial Corp raised its stake in STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock worth $2,048,000 after purchasing an additional 493 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

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STMicroelectronics Stock Down 0.5 %

STMicroelectronics stock traded down $0.14 during trading on Wednesday, reaching $25.50. The stock had a trading volume of 5,307,719 shares, compared to its average volume of 4,781,890. STMicroelectronics has a 52-week low of $21.36 and a 52-week high of $45.39. The business has a 50 day moving average price of $24.71 and a 200 day moving average price of $26.18. 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 market cap of $22.91 billion, a PE ratio of 15.36, a P/E/G ratio of 1.16 and a beta of 1.56.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

STM has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. TD Cowen cut shares of 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 report on Monday, January 13th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. BNP Paribas initiated coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target for the company. Finally, Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, STMicroelectronics has a consensus rating of "Hold" and an average price target of $31.26.

About STMicroelectronics

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.