STMicroelectronics (NYSE:STM) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its position in STMicroelectronics (NYSE:STM - Free Report) by 982.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 262,088 shares of the semiconductor producer's stock after acquiring an additional 237,865 shares during the quarter. Sei Investments Co.'s holdings in STMicroelectronics were worth $6,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of STM. GAMMA Investing LLC boosted its stake in STMicroelectronics by 81.4% during 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. bought a new position in STMicroelectronics in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC grew 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 acquiring an additional 921 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted 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. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

STM traded down $1.04 on Friday, reaching $18.49. The stock had a trading volume of 11,952,338 shares, compared to its average volume of 5,114,720. STMicroelectronics has a 12-month low of $18.05 and a 12-month 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 company has a market cap of $16.61 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The business's 50-day moving average price is $24.08 and its two-hundred day moving average price is $25.63.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on STM shares. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of STMicroelectronics in a report on Monday, December 9th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Susquehanna decreased 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. Finally, Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.