STMicroelectronics (NYSE:STM) Short Interest Up 20.8% in February

STMicroelectronics (NYSE:STM - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 16,740,000 shares, a growth of 20.8% from the January 31st total of 13,860,000 shares. Approximately 1.9% of the company's shares are short sold. Based on an average trading volume of 6,420,000 shares, the days-to-cover ratio is presently 2.6 days.

STMicroelectronics Stock Up 2.1 %

Shares of STM traded up $0.55 on Friday, reaching $26.46. The company's stock had a trading volume of 9,180,875 shares, compared to its average volume of 7,540,910. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $48.75. The stock has a market capitalization of $23.90 billion, a PE ratio of 15.94, a PEG ratio of 1.16 and a beta of 1.56. The firm has a fifty day moving average of $24.75 and a 200-day moving average of $26.50.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping 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%. Equities analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Remove Ads

Institutional Investors Weigh In On STMicroelectronics

Institutional investors and hedge funds have recently made changes to their positions in the business. Aigen Investment Management LP acquired a new stake in shares of STMicroelectronics in the 3rd quarter worth about $1,157,000. Clear Creek Financial Management LLC purchased a new stake in STMicroelectronics in the 4th quarter valued at about $468,000. Point72 Asset Management L.P. purchased a new stake in STMicroelectronics in the 3rd quarter valued at about $1,924,000. Schechter Investment Advisors LLC purchased a new stake in STMicroelectronics in the 4th quarter valued at about $758,000. Finally, Diversified Trust Co purchased a new stake in STMicroelectronics in the 4th quarter valued at about $583,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on STM shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of STMicroelectronics in a research report on Monday, December 9th. Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price target for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.26.

About STMicroelectronics

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.