Yousif Capital Management LLC Purchases New Stake in STMicroelectronics N.V. $STM

Key Points

• Yousif Capital Management LLC has acquired a new stake in STMicroelectronics with 10,389 shares valued at approximately $316,000 during Q2.
• Several institutional investors have significantly increased their positions in STMicroelectronics, with one, Caitong International Asset Management Co. Ltd, raising their stake by 396.4%.
• STMicroelectronics reported earnings per share of $0.06 for the last quarter, missing analysts' expectations of $0.10, while revenue was higher than expected at $2.77 billion.

Yousif Capital Management LLC acquired a new position in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,389 shares of the semiconductor producer's stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in STM. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 63.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock worth $48,000 after acquiring an additional 838 shares during the period. IFP Advisors Inc raised its position in STMicroelectronics by 85.4% during the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer's stock valued at $69,000 after purchasing an additional 1,045 shares in the last quarter. CWM LLC lifted its stake in STMicroelectronics by 27.5% during the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer's stock worth $82,000 after purchasing an additional 578 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of STMicroelectronics by 184.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,848 shares of the semiconductor producer's stock valued at $87,000 after purchasing an additional 1,847 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in shares of STMicroelectronics by 396.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer's stock valued at $70,000 after purchasing an additional 2,553 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

STM stock opened at $25.32 on Friday. The company has a market capitalization of $22.75 billion, a P/E ratio of 36.70, a PEG ratio of 5.99 and a beta of 1.66. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47. The company has a fifty day moving average price of $27.60 and a 200-day moving average price of $26.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%.The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. As a group, equities analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

STM has been the subject of several recent analyst reports. Barclays restated an "underweight" rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. Oddo Bhf raised STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. BNP Paribas Exane upgraded shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Thursday, September 4th. BNP Paribas raised shares of STMicroelectronics from a "hold" rating to an "outperform" rating in a report on Thursday, September 4th. Finally, Susquehanna increased their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a "positive" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.06.

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.

Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics N.V. (NYSE:STM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.