Denali Advisors LLC Buys New Position in STMicroelectronics (NYSE:STM)

Denali Advisors LLC bought a new position in shares of STMicroelectronics (NYSE:STM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,934 shares of the semiconductor producer's stock, valued at approximately $348,000.

A number of other hedge funds also recently modified their holdings of the stock. Truvestments Capital LLC bought a new stake in STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp bought a new stake in shares of STMicroelectronics during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC increased its holdings in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics during the fourth quarter valued at about $31,000. Finally, TD Private Client Wealth LLC raised its stake in shares of STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after acquiring an additional 809 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Price Performance

Shares of NYSE STM traded down $0.46 during mid-day trading on Monday, reaching $24.23. 8,726,567 shares of the company were exchanged, compared to its average volume of 7,318,051. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $49.05. The company's 50 day moving average price is $24.78 and its 200 day moving average price is $26.70. The stock has a market capitalization of $21.89 billion, a PE ratio of 14.60, a PEG ratio of 1.16 and a beta of 1.51. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

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STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly 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 net margin of 11.74% and a return on equity of 8.92%. Sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on STM. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Susquehanna lowered their price target on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. 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 target price for the company. Finally, Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price 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.