Marshall Wace LLP Raises Position in STMicroelectronics (NYSE:STM)

Marshall Wace LLP raised its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 110.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 326,611 shares of the semiconductor producer's stock after purchasing an additional 171,541 shares during the quarter. Marshall Wace LLP's holdings in STMicroelectronics were worth $8,155,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after purchasing an additional 531 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in STMicroelectronics by 4.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer's stock valued at $307,000 after purchasing an additional 539 shares during the last quarter. Russell Investments Group Ltd. raised its position in STMicroelectronics by 16.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock worth $127,000 after purchasing an additional 700 shares during the period. Crossmark Global Holdings Inc. lifted its stake in STMicroelectronics by 1.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer's stock worth $1,637,000 after purchasing an additional 749 shares during the last quarter. Finally, Callan Capital LLC grew its stake in shares of STMicroelectronics by 11.9% during the fourth quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer's stock valued at $214,000 after buying an additional 913 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Down 0.5 %

NYSE STM traded down $0.12 during midday trading on Monday, hitting $23.16. 5,516,654 shares of the company traded hands, compared to its average volume of 5,499,793. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a market cap of $20.80 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company's 50-day simple moving average is $23.01 and its 200-day simple moving average is $24.63. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its earnings results 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. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STM shares. TD Cowen upped their target price on STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Friday. Sanford C. Bernstein cut STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Susquehanna cut their target price on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research note on Friday, January 31st. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of STMicroelectronics in a research note on Friday. One investment analyst has rated the stock with a sell rating, nine 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, the stock presently has an average rating of "Hold" and a consensus price target of $30.97.

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.