Silverleafe Capital Partners LLC Makes New $1.11 Million Investment in STMicroelectronics N.V. $STM

Key Points

• Silverleafe Capital Partners acquired 20,852 STMicroelectronics shares worth approximately $1.11 million in the third quarter. Other institutional investors also initiated or expanded positions, though institutions and hedge funds own 5.05% of the stock.
• Analyst sentiment is generally positive, with seven Buy ratings and five Holds, producing a consensus rating of Moderate Buy and an average price target of $76.17. Recent targets ranged from $75 to $80.
• STMicroelectronics shares recently traded at $57.24, while the company reported quarterly EPS of $0.31 and revenue of $3.49 billion, exceeding analyst expectations on both measures.

Silverleafe Capital Partners LLC acquired a new stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,852 shares of the semiconductor producer's stock, valued at approximately $1,113,000.

Other large investors have also modified their holdings of the company. Confluence Investment Management LLC bought a new position in shares of STMicroelectronics during the 3rd quarter worth about $1,334,000. QRG Capital Management Inc. grew its position in STMicroelectronics by 173.0% during the 2nd quarter. QRG Capital Management Inc. now owns 39,103 shares of the semiconductor producer's stock worth $2,928,000 after acquiring an additional 24,780 shares during the last quarter. Anchor Investment Management LLC bought a new stake in shares of STMicroelectronics during the second quarter worth $37,000. Revere Asset Management Inc bought a new stake in STMicroelectronics during the 2nd quarter worth about $8,437,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of STMicroelectronics by 21.9% in the second quarter. Sequoia Financial Advisors LLC now owns 17,929 shares of the semiconductor producer's stock valued at $1,343,000 after purchasing an additional 3,216 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STM. Mizuho lowered their price objective on STMicroelectronics from $84.00 to $80.00 and set an "outperform" rating for the company in a research report on Friday, July 24th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of STMicroelectronics in a research note on Friday, August 21st. Citigroup reaffirmed a "buy" rating on shares of STMicroelectronics in a research note on Wednesday, September 2nd. TD Cowen reaffirmed a "hold" rating on shares of STMicroelectronics in a research report on Monday, July 13th. Finally, Susquehanna increased their target price on shares of STMicroelectronics from $60.00 to $75.00 and gave the stock a "positive" rating in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $76.17.

STMicroelectronics Stock Performance

Shares of NYSE:STM traded up $3.74 on Friday, hitting $57.24. The company had a trading volume of 15,929,978 shares, compared to its average volume of 10,156,044. The stock has a market cap of $51.41 billion, a price-to-earnings ratio of 112.24 and a beta of 1.96. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16. STMicroelectronics N.V. has a 1-year low of $21.11 and a 1-year high of $81.42. The stock has a 50 day moving average price of $51.71 and a 200 day moving average price of $55.71.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The company 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%. Analysts expect that STMicroelectronics N.V. will post 1.3 EPS for the current year.

STMicroelectronics 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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