STMicroelectronics N.V. $STM Stock Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG reduced its STMicroelectronics stake by 5.2% in the third quarter, selling 27,816 shares and retaining 511,064 shares valued at approximately $27.27 million.
• Analyst opinions remain generally positive, with seven Buy ratings and five Holds contributing to a “Moderate Buy” consensus and an average price target of $76.17, despite some target reductions.
• STMicroelectronics shares opened at $43.99, well below their 52-week high of $81.42. The company recently exceeded quarterly earnings expectations, reporting $0.31 in EPS versus a $0.26 consensus and $3.49 billion in revenue.

Robeco Schweiz AG trimmed its stake in STMicroelectronics N.V. (NYSE:STM - Free Report) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,064 shares of the semiconductor producer's stock after selling 27,816 shares during the period. Robeco Schweiz AG owned about 0.06% of STMicroelectronics worth $27,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of STM. Evergreen Capital Management LLC raised its position in STMicroelectronics by 1.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 59,718 shares of the semiconductor producer's stock worth $3,187,000 after purchasing an additional 1,124 shares during the last quarter. Vest Financial LLC lifted its holdings in STMicroelectronics by 163.0% during the 3rd quarter. Vest Financial LLC now owns 12,959 shares of the semiconductor producer's stock worth $691,000 after buying an additional 8,032 shares during the period. Eagle Rock Investment Company LLC grew its position in shares of STMicroelectronics by 2.8% in the 3rd quarter. Eagle Rock Investment Company LLC now owns 8,147 shares of the semiconductor producer's stock valued at $435,000 after buying an additional 220 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of STMicroelectronics by 34.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 9,425 shares of the semiconductor producer's stock valued at $503,000 after buying an additional 2,390 shares during the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $1,297,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STM has been the subject of several recent research reports. TD Cowen decreased their price target on STMicroelectronics from $55.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, October 19th. Barclays set a $60.00 price objective on STMicroelectronics in a research note on Friday, July 24th. The Goldman Sachs Group reduced their target price on STMicroelectronics from $67.50 to $60.50 and set a "neutral" rating on the stock in a report on Monday, July 27th. Craig Hallum reissued a "buy" rating and set a $70.00 target price on shares of STMicroelectronics in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating in a research report on Saturday, September 19th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.17.

STMicroelectronics Stock Down 0.2%

Shares of STMicroelectronics stock opened at $43.99 on Friday. STMicroelectronics N.V. has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08. The stock's 50-day moving average is $50.74 and its 200 day moving average is $57.45. The firm has a market cap of $39.51 billion, a price-to-earnings ratio of 86.26 and a beta of 1.96.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, topping the consensus estimate 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%. Equities research analysts anticipate that STMicroelectronics N.V. will post 1.30 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 integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company's product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.

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