STMicroelectronics (NYSE:STM) Holdings Raised by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 85.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,723 shares of the semiconductor producer's stock after buying 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 filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in STMicroelectronics in the fourth quarter worth about $31,000. Smartleaf Asset Management LLC grew its position in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after buying an additional 921 shares in the last quarter. Rakuten Securities Inc. increased its stake in STMicroelectronics by 197.0% during the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock valued at $44,000 after buying an additional 1,180 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of STMicroelectronics during the 4th quarter worth about $53,000. 5.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Dbs Bank cut STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Bank of America downgraded STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of "Hold" and an average price target of $30.97.

STMicroelectronics Trading Up 3.3 %

Shares of STM traded up $0.77 during midday trading on Friday, hitting $23.93. The stock had a trading volume of 5,882,223 shares, compared to its average volume of 5,603,970. STMicroelectronics has a fifty-two week low of $17.25 and a fifty-two week high of $45.39. The business has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $24.37. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The firm has a market cap of $21.49 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. As a group, equities analysts forecast that STMicroelectronics will post 0.85 EPS for the current 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.