STMicroelectronics (NYSE:STM) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its position in STMicroelectronics (NYSE:STM - Free Report) by 63.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,409 shares of the semiconductor producer's stock after selling 20,231 shares during the period. O Shaughnessy Asset Management LLC's holdings in STMicroelectronics were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in STMicroelectronics in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted 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 during the period. Rakuten Securities Inc. grew its position 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 in the last quarter. Finally, TD Private Client Wealth LLC raised its stake 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 valued at $46,000 after purchasing an additional 809 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on STM shares. Susquehanna lowered their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. Sanford C. Bernstein downgraded shares of 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 report on Wednesday, February 5th. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. TD Cowen cut 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 note on Monday, January 13th. Finally, Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.26.

STMicroelectronics Stock Performance

STM traded up $0.16 during trading on Thursday, reaching $20.28. 2,090,102 shares of the company were exchanged, compared to its average volume of 5,386,209. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $23.41 and a 200 day moving average of $25.06. The stock has a market cap of $18.21 billion, a P/E ratio of 12.22, a PEG ratio of 1.16 and a beta of 1.56.

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