Invesco Ltd. Raises Holdings in STMicroelectronics (NYSE:STM)

Invesco Ltd. increased its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 94.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,767,787 shares of the semiconductor producer's stock after purchasing an additional 858,624 shares during the quarter. Invesco Ltd. owned approximately 0.20% of STMicroelectronics worth $44,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STM. GAMMA Investing LLC boosted 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 valued at $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC raised its stake in STMicroelectronics by 225.7% in the fourth 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 during the last quarter. Rakuten Securities Inc. grew its stake in shares of STMicroelectronics by 197.0% during the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after acquiring an additional 1,180 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its position in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock worth $46,000 after purchasing an additional 809 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Down 2.7 %

STMicroelectronics stock traded down $0.56 during mid-day trading on Monday, hitting $19.71. The company had a trading volume of 541,667 shares, compared to its average volume of 5,402,255. The business has a fifty day moving average of $23.31 and a 200 day moving average of $24.88. STMicroelectronics has a 1 year low of $17.25 and a 1 year 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 stock has a market cap of $17.70 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, sell-side analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STM. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price target for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Jefferies Financial Group raised STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Bank of America lowered shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Finally, TD Cowen lowered STMicroelectronics from a "buy" rating to a "hold" rating and reduced their price target for the stock from $32.00 to $25.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $31.26.

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.