82,221 Shares in STMicroelectronics (NYSE:STM) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in STMicroelectronics (NYSE:STM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,221 shares of the semiconductor producer's stock, valued at approximately $2,053,000.

Other hedge funds have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC bought a new position in STMicroelectronics in the fourth quarter worth approximately $468,000. Callan Family Office LLC purchased a new stake in shares of STMicroelectronics in the fourth quarter worth about $486,000. Raymond James Financial Inc. bought a new position in STMicroelectronics during the fourth quarter valued at $1,738,000. Schechter Investment Advisors LLC purchased a new position in STMicroelectronics in the fourth quarter worth about $758,000. Finally, Diversified Trust Co purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at $583,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Dbs Bank cut shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned 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 company currently has an average rating of "Hold" and a consensus price target of $30.97.

STMicroelectronics Stock Up 3.3 %

Shares of STM traded up $0.77 during mid-day trading on Friday, reaching $23.93. 5,882,223 shares of the stock traded hands, compared to its average volume of 5,603,970. 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 fifty day simple moving average of $22.49 and a 200 day simple moving average of $24.37. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.53. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Sell-side analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

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.