Mitsubishi UFJ Asset Management Co. Ltd. Buys 34,723 Shares of STMicroelectronics (NYSE:STM)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of STMicroelectronics (NYSE:STM - Free Report) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 104,209 shares of the semiconductor producer's stock after buying an additional 34,723 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in STMicroelectronics were worth $2,544,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC increased its position in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after buying an additional 921 shares in the last quarter. TD Private Client Wealth LLC raised its position 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 worth $46,000 after purchasing an additional 809 shares during the period. Finally, Rakuten Securities Inc. increased its stake in STMicroelectronics by 197.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after purchasing an additional 1,180 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Price Performance

NYSE STM traded down $1.04 during trading on Friday, reaching $18.49. The company's stock had a trading volume of 11,952,338 shares, compared to its average volume of 5,114,720. The stock has a market capitalization of $16.61 billion, a PE ratio of 11.14, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a fifty day moving average of $24.08 and a 200 day moving average of $25.62. STMicroelectronics has a one year low of $18.05 and a one year high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its earnings results 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on STM shares. Susquehanna reduced their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research note on Friday, January 31st. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Bank of America downgraded shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Finally, Barclays downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $31.26.

STMicroelectronics Company 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.