Ethic Inc. Decreases Stake in STMicroelectronics (NYSE:STM)

Ethic Inc. lowered its position in STMicroelectronics (NYSE:STM - Free Report) by 21.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 41,596 shares of the semiconductor producer's stock after selling 11,513 shares during the period. Ethic Inc.'s holdings in STMicroelectronics were worth $1,039,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC purchased a new position in STMicroelectronics in the fourth quarter worth $468,000. Callan Family Office LLC bought a new stake in shares of STMicroelectronics during the 4th quarter valued at $486,000. Raymond James Financial Inc. bought a new position in shares of STMicroelectronics in the fourth quarter valued at approximately $1,738,000. Schechter Investment Advisors LLC bought a new position in shares of STMicroelectronics in the fourth quarter worth $758,000. Finally, J2 Capital Management Inc bought a new stake in shares of STMicroelectronics during the 4th quarter valued at about $295,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Ratings Changes

STM has been the topic of a number of research analyst reports. TD Cowen increased their target price on STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Susquehanna reduced their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein cut STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.97.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock traded down $0.22 during trading hours on Monday, reaching $25.60. 1,415,075 shares of the stock traded hands, compared to its average volume of 5,649,966. The company has a 50 day moving average price of $22.51 and a 200 day moving average price of $24.26. The firm has a market capitalization of $23.00 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.16 and a beta of 1.53. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. 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, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities research analysts expect that STMicroelectronics will post 0.85 earnings per share 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.