Grantham Mayo Van Otterloo & Co. LLC cut its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 23.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,785,535 shares of the semiconductor producer's stock after selling 539,269 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.20% of STMicroelectronics worth $44,585,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of STM. GAMMA Investing LLC boosted its holdings 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 valued at $30,000 after acquiring an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of STMicroelectronics in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC increased its holdings in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after acquiring an additional 921 shares in the last quarter. Rakuten Securities Inc. increased its stake in shares of STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after purchasing an additional 809 shares during the period. 5.05% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on STM shares. Sanford C. Bernstein cut STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and cut their target price for the company from $32.00 to $25.00 in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, STMicroelectronics currently has a consensus rating of "Hold" and an average target price of $31.26.
Get Our Latest Stock Analysis on STM
STMicroelectronics Price Performance
Shares of STM traded down $2.83 during mid-day trading on Thursday, hitting $18.77. 7,148,630 shares of the company were exchanged, compared to its average volume of 5,288,910. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a 50 day moving average of $23.63 and a 200-day moving average of $25.34. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11.
STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) 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%. Analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.
STMicroelectronics Company Profile
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Free Report)
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.
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