Barclays PLC raised its stake in STMicroelectronics (NYSE:STM - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,281,006 shares of the semiconductor producer's stock after buying an additional 231,668 shares during the quarter. Barclays PLC owned 0.14% of STMicroelectronics worth $31,987,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in STM. GAMMA Investing LLC raised its position 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 valued at $30,000 after acquiring an additional 531 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in STMicroelectronics in the fourth quarter worth $31,000. Smartleaf Asset Management LLC boosted its position in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares in the last quarter. Rakuten Securities Inc. grew its holdings in shares of STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after buying an additional 1,180 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of STMicroelectronics in the 4th quarter valued at $53,000. Institutional investors own 5.05% of the company's stock.
STMicroelectronics Stock Down 1.3 %
Shares of NYSE:STM traded down $0.26 during midday trading on Monday, reaching $20.00. The company had a trading volume of 6,052,165 shares, compared to its average volume of 5,423,823. The business's 50 day moving average price is $23.24 and its 200 day moving average price is $24.83. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The stock has a market cap of $17.96 billion, a PE ratio of 12.05, a P/E/G ratio of 1.16 and a beta of 1.56.
STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating 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%. Research analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on STM. TD Cowen cut STMicroelectronics from a "buy" rating to a "hold" rating and decreased their target price for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Barclays lowered STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Sanford C. Bernstein downgraded shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Finally, Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $31.26.
Read Our Latest Research Report on STM
STMicroelectronics Profile
(
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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