Capital Research Global Investors Invests $1.25 Million in STMicroelectronics (NYSE:STM)

Capital Research Global Investors purchased a new stake in STMicroelectronics (NYSE:STM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 49,840 shares of the semiconductor producer's stock, valued at approximately $1,245,000.

Several other institutional investors have also made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in STMicroelectronics during the third quarter worth about $186,000. GAMMA Investing LLC boosted its position in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Diversified Trust Co bought a new position in STMicroelectronics in the fourth quarter valued at approximately $583,000. Grandview Asset Management LLC bought a new position in STMicroelectronics in the fourth quarter valued at about $696,000. Finally, J2 Capital Management Inc acquired a new position in STMicroelectronics during the 4th quarter worth approximately $295,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

STM has been the topic of several research analyst reports. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Susquehanna dropped their price target on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research note on Friday, January 31st. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research report on Friday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.97.

STMicroelectronics Price Performance

Shares of STM traded down $0.05 during midday trading on Friday, reaching $23.29. The stock had a trading volume of 6,484,761 shares, compared to its average volume of 5,495,844. 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 company has a market capitalization of $20.92 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company's 50-day moving average is $23.10 and its 200 day moving average is $24.74. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. On average, equities analysts predict that STMicroelectronics will post 0.85 EPS 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.