Northern Trust Corp Grows Stock Position in STMicroelectronics (NYSE:STM)

Northern Trust Corp increased its stake in STMicroelectronics (NYSE:STM - Free Report) by 83.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 616,800 shares of the semiconductor producer's stock after purchasing an additional 280,383 shares during the period. Northern Trust Corp owned approximately 0.07% of STMicroelectronics worth $15,401,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew 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 acquiring an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of STMicroelectronics in the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC grew its holdings in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of STMicroelectronics by 197.0% in the fourth quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer's stock worth $44,000 after purchasing an additional 1,180 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of STMicroelectronics in the fourth quarter worth approximately $53,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STM. Bank of America cut shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a report on Thursday, February 6th. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. Susquehanna lowered their price objective on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $30.97.

STMicroelectronics Price Performance

NYSE:STM traded down $0.12 during trading hours on Tuesday, reaching $25.71. The stock had a trading volume of 384,433 shares, compared to its average volume of 5,644,379. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a 52 week low of $17.25 and a 52 week high of $45.39. The company has a 50 day moving average price of $22.54 and a two-hundred day moving average price of $24.26. The stock has a market capitalization of $23.10 billion, a PE ratio of 15.47, a PEG ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.55 billion. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 earnings per share 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.