Robeco Schweiz AG Sells 50,005 Shares of STMicroelectronics (NYSE:STM)

Robeco Schweiz AG lessened its stake in STMicroelectronics (NYSE:STM - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 673,150 shares of the semiconductor producer's stock after selling 50,005 shares during the quarter. Robeco Schweiz AG owned approximately 0.07% of STMicroelectronics worth $16,809,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Truvestments Capital LLC acquired a new stake in STMicroelectronics during the third quarter valued at approximately $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics during the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC lifted 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 purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics in the fourth quarter worth $31,000. Finally, TD Private Client Wealth LLC increased its stake in 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 last quarter. Institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

STM has been the topic of a number of recent research reports. Susquehanna reduced their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $31.26.

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STMicroelectronics Stock Up 1.0 %

STM traded up $0.25 during midday trading on Friday, hitting $24.71. 6,626,063 shares of the company's stock traded hands, compared to its average volume of 7,281,925. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a market cap of $22.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. STMicroelectronics has a one year low of $21.36 and a one year high of $49.05. The stock's fifty day simple moving average is $24.78 and its 200-day simple moving average is $26.72.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results 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 return on equity of 8.92% and a net margin of 11.74%. As a group, equities analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Company 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.