Schonfeld Strategic Advisors LLC Has $3.98 Million Stock Position in STMicroelectronics (NYSE:STM)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 101.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,466 shares of the semiconductor producer's stock after buying an additional 80,266 shares during the period. Schonfeld Strategic Advisors LLC's holdings in STMicroelectronics were worth $3,982,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC grew its stake in shares of STMicroelectronics by 82.8% in the fourth quarter. Lido Advisors LLC now owns 15,720 shares of the semiconductor producer's stock worth $393,000 after purchasing an additional 7,121 shares in the last quarter. Northern Trust Corp grew its position in STMicroelectronics by 83.3% in the 4th quarter. Northern Trust Corp now owns 616,800 shares of the semiconductor producer's stock valued at $15,401,000 after buying an additional 280,383 shares in the last quarter. Hsbc Holdings PLC grew its position in STMicroelectronics by 59.2% in the 4th quarter. Hsbc Holdings PLC now owns 43,291 shares of the semiconductor producer's stock valued at $1,083,000 after buying an additional 16,098 shares in the last quarter. SIH Partners LLLP bought a new stake in shares of STMicroelectronics during the 4th quarter worth about $243,000. Finally, Tower Research Capital LLC TRC raised its position in shares of STMicroelectronics by 1,472.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,140 shares of the semiconductor producer's stock worth $378,000 after buying an additional 14,177 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on STM shares. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. TD Cowen boosted their price objective on STMicroelectronics from $18.00 to $23.00 and gave the stock a "hold" rating in a research note on Friday, April 25th. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. Finally, Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.97.

STMicroelectronics Trading Up 2.6 %

Shares of NYSE:STM traded up $0.58 during mid-day trading on Wednesday, hitting $23.13. The stock had a trading volume of 4,650,926 shares, compared to its average volume of 5,558,353. The company's 50 day moving average is $22.54 and its 200-day moving average is $24.46. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a market cap of $20.77 billion, a PE ratio of 13.93, a P/E/G ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The business had revenue of $2.52 billion during 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%. On average, sell-side analysts predict that STMicroelectronics will post 0.85 EPS for the current 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.