Schonfeld Strategic Advisors LLC Increases Position in STMicroelectronics (NYSE:STM)

Schonfeld Strategic Advisors LLC increased its holdings in STMicroelectronics (NYSE:STM - Free Report) by 101.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 159,466 shares of the semiconductor producer's stock after purchasing an additional 80,266 shares during the period. Schonfeld Strategic Advisors LLC's holdings in STMicroelectronics were worth $3,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of STMicroelectronics during the fourth quarter valued at approximately $31,000. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock valued at $33,000 after purchasing an additional 921 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of STMicroelectronics by 197.0% in the 4th 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 in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of STMicroelectronics in the 4th quarter worth approximately $53,000. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

STM has been the subject of several recent analyst reports. Sanford C. Bernstein lowered STMicroelectronics from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Barclays downgraded STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. TD Cowen upped their target price on shares of STMicroelectronics from $18.00 to $23.00 and gave the company a "hold" rating in a research note on Friday, April 25th. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Finally, Susquehanna cut 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $30.97.

STMicroelectronics Price Performance

Shares of STM stock traded up $0.71 during trading hours on Friday, hitting $23.87. The stock had a trading volume of 3,968,795 shares, compared to its average volume of 5,571,468. The stock's 50-day moving average price is $22.49 and its two-hundred day moving average price is $24.42. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The stock has a market capitalization of $21.44 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.16 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.55 billion. Equities analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

STMicroelectronics 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.