STMicroelectronics (NYSE:STM) Shares Bought by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of STMicroelectronics (NYSE:STM - Free Report) by 85.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,723 shares of the semiconductor producer's stock after purchasing an additional 41,236 shares during the period. First Trust Advisors LP's holdings in STMicroelectronics were worth $2,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of STMicroelectronics in the third quarter worth approximately $186,000. GAMMA Investing LLC increased its stake in STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after purchasing an additional 531 shares during the period. Diversified Trust Co bought a new position in shares of STMicroelectronics in the fourth quarter worth about $583,000. Grandview Asset Management LLC purchased a new position in STMicroelectronics in the 4th quarter worth about $696,000. Finally, J2 Capital Management Inc bought a new stake in STMicroelectronics during the 4th quarter valued at about $295,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STM. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Susquehanna cut their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a report on Friday, January 31st. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Dbs Bank lowered STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $30.97.

STMicroelectronics Stock Performance

Shares of STM traded up $0.78 during trading hours on Friday, reaching $23.94. 5,036,294 shares of the company traded hands, compared to its average volume of 5,578,798. The business has a fifty day moving average price of $22.49 and a 200-day moving average price of $24.42. 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 stock has a market capitalization of $21.50 billion, a P/E ratio of 14.42, a P/E/G ratio of 1.16 and a beta of 1.53. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.55 billion. Equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

STMicroelectronics Company 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.