Callan Family Office LLC Buys Shares of 19,451 STMicroelectronics (NYSE:STM)

Callan Family Office LLC bought a new position in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,451 shares of the semiconductor producer's stock, valued at approximately $486,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Advisers LP raised its holdings in shares of STMicroelectronics by 674.2% in the 3rd 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 holdings in STMicroelectronics by 174.3% in the third quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock valued at $2,886,000 after buying an additional 61,682 shares during the period. Aigen Investment Management LP lifted its position in STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock valued at $1,947,000 after buying an additional 39,082 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in STMicroelectronics during the fourth quarter worth approximately $1,738,000. Finally, Stifel Financial Corp grew 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 buying an additional 493 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

STM has been the topic of several recent research reports. Susquehanna reduced their target price 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. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. BNP Paribas initiated coverage on STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target on the stock. Finally, TD Cowen cut STMicroelectronics from a "buy" rating to a "hold" rating and decreased their price target for the stock from $32.00 to $25.00 in a report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $31.26.

Remove Ads

STMicroelectronics Stock Up 0.1 %

Shares of NYSE:STM traded up $0.03 during midday trading on Tuesday, reaching $25.08. The company had a trading volume of 4,916,809 shares, compared to its average volume of 7,498,444. The stock has a market capitalization of $22.66 billion, a P/E ratio of 15.10, a PEG ratio of 1.16 and a beta of 1.56. The stock's fifty day moving average price is $24.75 and its 200-day moving average price is $26.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. STMicroelectronics has a one year low of $21.36 and a one year high of $48.65.

STMicroelectronics (NYSE:STM - Get Free Report) last released 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 net margin of 11.74% and a return on equity of 8.92%. Equities research analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

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.