STMicroelectronics (NYSE:STM) Shares Bought by US Bancorp DE

US Bancorp DE increased its stake in STMicroelectronics (NYSE:STM - Free Report) by 54.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,969 shares of the semiconductor producer's stock after purchasing an additional 24,096 shares during the quarter. US Bancorp DE's holdings in STMicroelectronics were worth $1,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Two Sigma Advisers LP boosted its position in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock worth $41,524,000 after purchasing an additional 1,216,300 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of STMicroelectronics during the 3rd quarter worth $1,924,000. Shariaportfolio Inc. purchased a new stake in shares of STMicroelectronics in the 4th quarter worth about $1,584,000. ABC Arbitrage SA purchased a new stake in shares of STMicroelectronics in the 4th quarter worth about $1,543,000. Finally, Quantbot Technologies LP grew its stake in STMicroelectronics by 174.3% in the 3rd quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock valued at $2,886,000 after acquiring an additional 61,682 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on STM. BNP Paribas initiated coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 target price for the company. Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. 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 assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, STMicroelectronics presently has an average rating of "Hold" and a consensus target price of $31.26.

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STMicroelectronics Trading Down 4.5 %

Shares of NYSE:STM traded down $1.20 during midday trading on Monday, reaching $25.31. The company's stock had a trading volume of 1,232,116 shares, compared to its average volume of 7,393,026. The business has a 50 day moving average price of $24.75 and a 200 day moving average price of $26.50. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $48.65. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

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