Two Sigma Investments LP grew its stake in STMicroelectronics (NYSE:STM - Free Report) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,475,384 shares of the semiconductor producer's stock after purchasing an additional 725,684 shares during the period. Two Sigma Investments LP owned approximately 0.50% of STMicroelectronics worth $111,750,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of STM. J2 Capital Management Inc bought a new stake in shares of STMicroelectronics in the 4th quarter valued at approximately $295,000. Crossmark Global Holdings Inc. grew its stake in shares of STMicroelectronics by 1.2% in 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 period. Blue Trust Inc. grew its stake in shares of STMicroelectronics by 15.4% in 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 period. Hantz Financial Services Inc. acquired a new position in shares of STMicroelectronics in the 4th quarter worth approximately $1,365,000. Finally, Crews Bank & Trust acquired a new position in shares of STMicroelectronics in the 4th quarter worth approximately $70,000. 5.05% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
STM has been the topic of several recent analyst reports. TD Cowen boosted their target price on STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. Bank of America downgraded STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $30.97.
Get Our Latest Analysis on STMicroelectronics
STMicroelectronics Stock Down 0.5%
NYSE:STM opened at $25.81 on Monday. The stock's fifty day moving average price is $22.51 and its two-hundred day moving average price is $24.26. STMicroelectronics has a 52-week low of $17.25 and a 52-week high of $45.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.16 and a beta of 1.53.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating the consensus estimate of $0.05 by $0.02. The company had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.
STMicroelectronics Profile
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Free Report)
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.
Further Reading
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