STMicroelectronics (NYSE:STM - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 9,230,000 shares, a decline of 35.6% from the February 28th total of 14,330,000 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 6,900,000 shares, the short-interest ratio is currently 1.3 days.
Institutional Trading of STMicroelectronics
Several institutional investors and hedge funds have recently modified their holdings of STM. Truvestments Capital LLC bought a new position in shares of STMicroelectronics in the third quarter worth approximately $25,000. GAMMA Investing LLC increased its holdings 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 buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of STMicroelectronics during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 225.7% during 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 last quarter. Finally, TD Private Client Wealth LLC grew its position in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock worth $46,000 after acquiring an additional 809 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.
STMicroelectronics Price Performance
Shares of STM stock traded down $0.57 during trading hours on Tuesday, reaching $21.40. The stock had a trading volume of 676,243 shares, compared to its average volume of 4,984,681. The stock's fifty day simple moving average is $24.49 and its 200 day simple moving average is $25.83. 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 market capitalization of $19.22 billion, a PE ratio of 12.90, a PEG ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $45.39.
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, beating analysts' consensus estimates 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 predict that STMicroelectronics will post 0.85 EPS for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein downgraded STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. One equities 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $31.26.
Check Out Our Latest Analysis on STM
About STMicroelectronics
(
Get Free Report)
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.
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