STMicroelectronics (NYSE:STM) Stock Position Increased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in STMicroelectronics (NYSE:STM - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 408,573 shares of the semiconductor producer's stock after buying an additional 11,993 shares during the period. Ameriprise Financial Inc.'s holdings in STMicroelectronics were worth $10,202,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in STM. Clear Creek Financial Management LLC purchased a new position in shares of STMicroelectronics in the 4th quarter worth about $468,000. Callan Family Office LLC purchased a new position in shares of STMicroelectronics in the 4th quarter worth about $486,000. Raymond James Financial Inc. purchased a new position in shares of STMicroelectronics in the 4th quarter worth about $1,738,000. Schechter Investment Advisors LLC purchased a new position in shares of STMicroelectronics in the 4th quarter worth about $758,000. Finally, Aigen Investment Management LP raised its holdings in shares of STMicroelectronics by 100.5% in the 4th quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer's stock worth $1,947,000 after purchasing an additional 39,082 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Stock Down 0.2%

NYSE STM traded down $0.04 during mid-day trading on Thursday, reaching $25.21. 7,480,680 shares of the company's stock traded hands, compared to its average volume of 5,712,056. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The company has a fifty day simple moving average of $22.59 and a 200-day simple moving average of $24.28. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The company has a market cap of $22.64 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.16 and a beta of 1.53.

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 for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities research analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America downgraded STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $30.97.

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.