Natixis Advisors LLC Has $1.63 Million Stock Holdings in STMicroelectronics (NYSE:STM)

Natixis Advisors LLC reduced its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,081 shares of the semiconductor producer's stock after selling 50,360 shares during the period. Natixis Advisors LLC's holdings in STMicroelectronics were worth $1,625,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Truvestments Capital LLC purchased a new position in STMicroelectronics in the third quarter valued at about $25,000. GAMMA Investing LLC lifted 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 buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the 4th quarter valued at approximately $31,000. Smartleaf Asset Management LLC raised its position in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after acquiring an additional 921 shares in the last quarter. Finally, Rakuten Securities Inc. lifted its stake in STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after acquiring an additional 1,180 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. BNP Paribas began coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target on the stock. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Sanford C. Bernstein downgraded STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.26.

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STMicroelectronics Stock Performance

Shares of STMicroelectronics stock traded down $0.71 during midday trading on Friday, hitting $22.17. The company had a trading volume of 6,273,037 shares, compared to its average volume of 4,985,913. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $45.39. The business's 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $25.95. The stock has a market cap of $19.91 billion, a PE ratio of 13.35, 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.

STMicroelectronics (NYSE:STM - Get Free Report) last posted 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%. As a group, equities analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

About STMicroelectronics

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.