Annex Advisory Services LLC Purchases 728,578 Shares of STMicroelectronics N.V. $STM

Annex Advisory Services LLC purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 728,578 shares of the semiconductor producer's stock, valued at approximately $38,877,000. Annex Advisory Services LLC owned approximately 0.08% of STMicroelectronics at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Situational Awareness LP bought a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $584,344,000. The Manufacturers Life Insurance Company bought a new position in shares of STMicroelectronics in the first quarter valued at approximately $19,132,000. Beaconlight Capital LLC bought a new position in shares of STMicroelectronics in the first quarter valued at approximately $13,284,000. Generate Investment Management Ltd acquired a new stake in shares of STMicroelectronics in the third quarter worth $15,857,000. Finally, Revere Asset Management Inc acquired a new stake in shares of STMicroelectronics in the second quarter worth $8,437,000. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on STM shares. Wall Street Zen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Morgan Stanley reissued an "overweight" rating on shares of STMicroelectronics in a research report on Tuesday, June 30th. TD Cowen restated a "hold" rating on shares of STMicroelectronics in a report on Monday, July 13th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of STMicroelectronics in a research report on Friday, August 21st. Finally, Mizuho lowered their price target on STMicroelectronics from $84.00 to $80.00 and set an "outperform" rating on the stock in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $76.17.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $45.43 on Friday. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42. The firm has a market cap of $40.80 billion, a PE ratio of 89.08 and a beta of 1.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The business has a fifty day moving average of $51.64 and a 200-day moving average of $57.05.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. On average, equities research analysts predict that STMicroelectronics N.V. will post 1.30 EPS for the current fiscal year.

STMicroelectronics Company Profile

STMicroelectronics N.V. NYSE: STM is a global semiconductor company that designs, develops, manufactures and markets a broad range of electronic components and solutions. Its products support applications in automotive, industrial, personal electronics, communications infrastructure and other technology markets.

The company's portfolio includes microcontrollers, microprocessors, analog and mixed-signal integrated circuits, power semiconductors, sensors, MEMS devices, connectivity products and embedded-processing solutions.

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