Lake Street Advisors Group LLC Purchases New Shares in STMicroelectronics (NYSE:STM)

Lake Street Advisors Group LLC bought a new position in shares of STMicroelectronics (NYSE:STM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,314 shares of the semiconductor producer's stock, valued at approximately $283,000.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock valued at $228,655,000 after acquiring an additional 1,719,257 shares during the last quarter. Two Sigma Advisers LP raised its stake in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock valued at $41,524,000 after purchasing an additional 1,216,300 shares in the last quarter. International Assets Investment Management LLC bought a new stake in STMicroelectronics during the third quarter valued at approximately $4,158,000. Point72 Asset Management L.P. purchased a new position in STMicroelectronics in the 3rd quarter worth approximately $1,924,000. Finally, Shariaportfolio Inc. bought a new position in shares of STMicroelectronics in the 4th quarter worth $1,584,000. 5.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STM has been the topic of a number of research analyst reports. BNP Paribas assumed coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 target price on the stock. TD Cowen lowered STMicroelectronics from a "buy" rating to a "hold" rating and reduced their price objective for the company from $32.00 to $25.00 in a research report on Monday, January 13th. Susquehanna dropped their target price on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, STMicroelectronics currently has a consensus rating of "Hold" and an average price target of $31.26.

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STMicroelectronics Trading Up 0.8 %

NYSE:STM traded up $0.20 during midday trading on Tuesday, reaching $24.43. 6,835,907 shares of the stock traded hands, compared to its average volume of 7,291,700. The stock has a market capitalization of $22.07 billion, a P/E ratio of 14.72, a PEG ratio of 1.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a fifty day moving average of $24.76 and a 200 day moving average of $26.66. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $49.05.

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