1 week Ago By ABMN Staff
Mariner LLC reduced its position in shares of STMicroelectronics ( NYSE:STM – Free Report ) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,590 shares of the semiconductor producer’s stock after selling 26,406 shares during the period.
Mariner LLC’s holdings in STMicroelectronics were worth $1,014,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also modified their holdings of STM. JPMorgan Chase & Co.
boosted its position in STMicroelectronics by 131.5% during the fourth quarter. JPMorgan Chase & Co.
now owns 3,413,356 shares of the semiconductor producer’s stock worth $85,232,000 after acquiring an additional 1,939,088 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of STMicroelectronics by 576.2% during the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock worth $47,962,000 after purchasing an additional 1,636,707 shares during the last quarter. Invesco Ltd. grew its position in shares of STMicroelectronics by 94.
4% in the fourth quarter. Invesco Ltd. now owns 1,767,787 shares of the semiconductor producer’s stock valued at $44,142,000 after purchasing an additional 858,624 shares during the period.
Brandes Investment Partners LP acquired a new position in STMicroelectronics in the fourth quarter valued at $15,570,000. Finally, Renaissance Technologies LLC purchased a new position in STMicroelectronics during the fourth quarter worth about $14,397,000. 5.
05% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of research firms have recently commented on STM. TD Cowen upped their price objective on shares of STMicroelectronics from $18.
00 to $23.00 and gave the company a “hold” rating in a research note on Friday. Sanford C.
Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th.
Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Friday. Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Finally, Bank of America cut 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, nine have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.97.
STMicroelectronics Price Performance STM stock opened at $23.29 on Monday. The firm has a market cap of $20.
92 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.
56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.
37 and a current ratio of 3.11. STMicroelectronics has a 1 year low of $17.
25 and a 1 year high of $45.39. The stock has a 50-day simple moving average of $23.
08 and a 200-day simple moving average of $24.66. STMicroelectronics ( NYSE:STM – Get Free Report ) last issued its quarterly earnings data on Thursday, April 24th.
The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.
02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.
92%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.
55 billion. On average, equities analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.
About STMicroelectronics ( 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. Read More Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics ( NYSE:STM – Free Report ).
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