Lighthouse Investment Partners LLC cut its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 50.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the semiconductor producer's stock after selling 10,000 shares during the period. Lighthouse Investment Partners LLC's holdings in STMicroelectronics were worth $249,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. J. Goldman & Co LP bought a new position in STMicroelectronics during the fourth quarter worth about $2,996,000. FORA Capital LLC boosted its stake in shares of STMicroelectronics by 398.7% during the 4th quarter. FORA Capital LLC now owns 88,636 shares of the semiconductor producer's stock worth $2,213,000 after acquiring an additional 70,863 shares during the period. Deutsche Bank AG increased its holdings in shares of STMicroelectronics by 14.5% during the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after acquiring an additional 466 shares during the last quarter. Bayesian Capital Management LP bought a new stake in STMicroelectronics in the 4th quarter valued at $2,053,000. Finally, Ameriprise Financial Inc. lifted its holdings in STMicroelectronics by 3.0% during the 4th quarter. Ameriprise Financial Inc. now owns 408,573 shares of the semiconductor producer's stock valued at $10,202,000 after purchasing an additional 11,993 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on STM shares. TD Cowen lifted their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a report on Friday, April 25th. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Finally, Susquehanna decreased their target price on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned 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, the company presently has a consensus rating of "Hold" and a consensus price target of $30.97.
Check Out Our Latest Analysis on STM
STMicroelectronics Trading Up 0.3%
Shares of STM stock traded up $0.07 during trading hours on Wednesday, hitting $25.94. 1,756,602 shares of the company's stock traded hands, compared to its average volume of 5,667,077. The stock has a market cap of $23.30 billion, a PE ratio of 15.62, a price-to-earnings-growth 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. The stock's 50 day simple moving average is $22.58 and its 200 day simple moving average is $24.27. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.
STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (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 for the quarter, compared to the consensus estimate of $2.55 billion. On average, sell-side 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.
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