Capital Research Global Investors Invests $1.25 Million in STMicroelectronics (NYSE:STM)

Capital Research Global Investors acquired a new stake in STMicroelectronics (NYSE:STM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 49,840 shares of the semiconductor producer's stock, valued at approximately $1,245,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of STM. Wilmington Savings Fund Society FSB bought a new position in STMicroelectronics in the third quarter valued at approximately $186,000. GAMMA Investing LLC boosted its stake in STMicroelectronics by 81.4% in the fourth 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 last quarter. Diversified Trust Co bought a new position in STMicroelectronics in the fourth quarter valued at approximately $583,000. Grandview Asset Management LLC bought a new position in STMicroelectronics in the fourth quarter valued at approximately $696,000. Finally, J2 Capital Management Inc bought a new position in STMicroelectronics in the fourth quarter valued at approximately $295,000. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Down 0.2 %

STM traded down $0.05 during trading on Friday, hitting $23.29. The company had a trading volume of 6,484,761 shares, compared to its average volume of 5,499,722. The company has a market capitalization of $20.92 billion, a PE ratio of 14.03, a PEG ratio of 1.16 and a beta of 1.56. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The firm's 50-day moving average price is $23.08 and its 200 day moving average price is $24.66. 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 issued 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 net margin of 11.74% and a return on equity of 8.92%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. As a group, equities analysts expect that STMicroelectronics will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Bank of America cut shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. TD Cowen lifted their price target on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, STMicroelectronics presently has a consensus rating of "Hold" and an average price target of $30.97.

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.