STMicroelectronics (NYSE:STM) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,017 shares of the semiconductor producer's stock after selling 14,737 shares during the period. QRG Capital Management Inc.'s holdings in STMicroelectronics were worth $1,723,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at about $260,000. Denali Advisors LLC purchased a new stake in shares of STMicroelectronics during the 4th quarter valued at approximately $348,000. Lake Street Advisors Group LLC acquired a new position in STMicroelectronics in the fourth quarter valued at approximately $283,000. Shariaportfolio Inc. purchased a new position in STMicroelectronics in the fourth quarter worth approximately $1,584,000. Finally, Callan Capital LLC increased its stake in STMicroelectronics by 11.9% during the fourth quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer's stock worth $214,000 after acquiring an additional 913 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 1.9 %

NYSE:STM traded down $0.46 during mid-day trading on Monday, hitting $24.23. The stock had a trading volume of 8,728,856 shares, compared to its average volume of 7,318,110. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $49.05. The stock has a 50-day simple moving average of $24.78 and a two-hundred day simple moving average of $26.70. 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 company has a market capitalization of $21.89 billion, a PE ratio of 14.60, a PEG ratio of 1.16 and a beta of 1.51.

STMicroelectronics (NYSE:STM - Get Free Report) last released 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%. On average, equities research analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on STM shares. Susquehanna lowered their price target on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. TD Cowen cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. BNP Paribas started coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 target price for the company. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average 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.