Invesco Ltd. Purchases 858,624 Shares of STMicroelectronics (NYSE:STM)

Invesco Ltd. grew its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 94.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,767,787 shares of the semiconductor producer's stock after purchasing an additional 858,624 shares during the period. Invesco Ltd. owned approximately 0.20% of STMicroelectronics worth $44,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its position in STMicroelectronics by 131.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock worth $85,232,000 after buying an additional 1,939,088 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of STMicroelectronics by 576.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer's stock valued at $47,962,000 after purchasing an additional 1,636,707 shares in the last quarter. Brandes Investment Partners LP purchased a new position in shares of STMicroelectronics during the fourth quarter valued at $15,570,000. Sei Investments Co. raised its position in STMicroelectronics by 982.0% during the fourth quarter. Sei Investments Co. now owns 262,088 shares of the semiconductor producer's stock valued at $6,543,000 after buying an additional 237,865 shares during the period. Finally, Polymer Capital Management US LLC acquired a new stake in STMicroelectronics during the 4th quarter worth about $2,205,000. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Up 0.5 %

Shares of NYSE:STM traded up $0.10 during midday trading on Friday, hitting $20.22. The company had a trading volume of 6,790,348 shares, compared to its average volume of 5,415,597. The firm has a fifty day simple moving average of $23.31 and a 200 day simple moving average of $24.93. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.16 and a beta of 1.56. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share 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%. On average, analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STM shares. Sanford C. Bernstein lowered shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. TD Cowen downgraded STMicroelectronics from a "buy" rating to a "hold" rating and cut their price objective for the company from $32.00 to $25.00 in a research report on Monday, January 13th. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Finally, Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, STMicroelectronics currently 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.