Bayesian Capital Management LP Makes New Investment in STMicroelectronics (NYSE:STM)

Bayesian Capital Management LP acquired a new stake in STMicroelectronics (NYSE:STM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 82,221 shares of the semiconductor producer's stock, valued at approximately $2,053,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clear Creek Financial Management LLC acquired a new position in STMicroelectronics in the 4th quarter valued at approximately $468,000. Callan Family Office LLC bought a new position in STMicroelectronics during the fourth quarter worth $486,000. Raymond James Financial Inc. bought a new stake in STMicroelectronics during the fourth quarter valued at $1,738,000. Schechter Investment Advisors LLC acquired a new stake in STMicroelectronics during the 4th quarter worth about $758,000. Finally, Diversified Trust Co bought a new position in shares of STMicroelectronics in the 4th quarter worth about $583,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STM shares. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. TD Cowen increased their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Sanford C. Bernstein lowered shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. Finally, Susquehanna cut their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $30.97.

STMicroelectronics Price Performance

Shares of NYSE STM traded up $0.58 during mid-day trading on Wednesday, reaching $23.13. 4,650,926 shares of the company were exchanged, compared to its average volume of 5,567,708. The stock has a market capitalization of $20.77 billion, a PE ratio of 13.93, a PEG ratio of 1.16 and a beta of 1.53. 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 has a 52 week low of $17.25 and a 52 week high of $45.39. The company's 50 day moving average price is $22.51 and its 200 day moving average price is $24.45.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics 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.