Two Sigma Advisers LP Raises Holdings in STMicroelectronics (NYSE:STM)

Two Sigma Advisers LP boosted its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 35.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,886,700 shares of the semiconductor producer's stock after acquiring an additional 490,000 shares during the quarter. Two Sigma Advisers LP owned 0.21% of STMicroelectronics worth $47,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of STM. Crossmark Global Holdings Inc. raised its position in STMicroelectronics by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer's stock valued at $1,637,000 after purchasing an additional 749 shares during the last quarter. Blue Trust Inc. raised its position in STMicroelectronics by 15.4% during the 4th quarter. Blue Trust Inc. now owns 11,159 shares of the semiconductor producer's stock valued at $279,000 after purchasing an additional 1,491 shares during the last quarter. Hantz Financial Services Inc. bought a new position in STMicroelectronics during the 4th quarter valued at approximately $1,365,000. Crews Bank & Trust bought a new position in STMicroelectronics during the 4th quarter valued at approximately $70,000. Finally, Clear Creek Financial Management LLC bought a new position in STMicroelectronics during the 4th quarter valued at approximately $468,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Up 0.1%

STM stock opened at $25.84 on Tuesday. STMicroelectronics has a twelve month low of $17.25 and a twelve month 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. The firm has a market cap of $23.21 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53. The business has a 50 day moving average of $22.54 and a 200 day moving average of $24.26.

STMicroelectronics (NYSE:STM - Get Free Report) last posted 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. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. On average, research analysts forecast that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen upped their price target on STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research report on Friday, April 25th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Finally, Dbs Bank lowered STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $30.97.

STMicroelectronics Profile

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.

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