Nia Impact Advisors LLC Trims Holdings in STMicroelectronics (NYSE:STM)

Nia Impact Advisors LLC decreased its holdings in STMicroelectronics (NYSE:STM - Free Report) by 72.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,260 shares of the semiconductor producer's stock after selling 71,789 shares during the period. Nia Impact Advisors LLC's holdings in STMicroelectronics were worth $681,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of STMicroelectronics by 131.5% during the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer's stock valued at $85,232,000 after acquiring an additional 1,939,088 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of STMicroelectronics by 576.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer's stock valued at $47,962,000 after acquiring an additional 1,636,707 shares during the last quarter. Invesco Ltd. raised its stake in shares of STMicroelectronics by 94.4% during the fourth quarter. Invesco Ltd. now owns 1,767,787 shares of the semiconductor producer's stock valued at $44,142,000 after acquiring an additional 858,624 shares during the last quarter. Brandes Investment Partners LP bought a new position in shares of STMicroelectronics during the fourth quarter valued at about $15,570,000. Finally, Renaissance Technologies LLC bought a new position in shares of STMicroelectronics during the fourth quarter valued at about $14,397,000. Institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on STM. Sanford C. Bernstein downgraded shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Barclays cut shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. TD Cowen raised their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research report on Friday, April 25th. Susquehanna reduced their price target on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. Finally, Jefferies Financial Group upgraded shares of STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. One 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $30.97.

STMicroelectronics Stock Down 0.5%

STMicroelectronics stock traded down $0.14 during mid-day trading on Friday, reaching $25.81. The stock had a trading volume of 2,824,908 shares, compared to its average volume of 5,651,660. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The company has a 50-day moving average price of $22.51 and a two-hundred day moving average price of $24.31. 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 capitalization of $23.19 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM - Get Free Report) last posted 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 net margin of 11.74% and a return on equity of 8.92%. On average, analysts expect 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.