Corient Private Wealth LLC Has $1.51 Million Stake in STMicroelectronics (NYSE:STM)

Corient Private Wealth LLC decreased its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 47.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,498 shares of the semiconductor producer's stock after selling 55,555 shares during the quarter. Corient Private Wealth LLC's holdings in STMicroelectronics were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Two Sigma Advisers LP grew its stake in STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock valued at $41,524,000 after acquiring an additional 1,216,300 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $15,570,000. Quantbot Technologies LP grew its position in STMicroelectronics by 174.3% during the third quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock valued at $2,886,000 after purchasing an additional 61,682 shares in the last quarter. Aigen Investment Management LP increased its stake in STMicroelectronics by 100.5% in the 4th 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 during the period. Finally, Raymond James Financial Inc. purchased a new stake in STMicroelectronics in the 4th quarter worth approximately $1,738,000. 5.05% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

STM has been the topic of a number of recent research reports. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. Finally, Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $31.26.

STMicroelectronics Stock Performance

Shares of STM stock traded down $0.71 during mid-day trading on Friday, reaching $22.17. The stock had a trading volume of 6,273,037 shares, compared to its average volume of 4,996,446. STMicroelectronics has a one year low of $21.36 and a one year high of $45.39. The firm has a market cap of $19.91 billion, a PE ratio of 13.35, a P/E/G ratio of 1.16 and a beta of 1.56. The firm's 50 day simple moving average is $24.56 and its 200 day simple moving average is $25.89. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

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, 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%. On average, analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

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.