STMicroelectronics (NYSE:STM) Holdings Decreased by Capital International Investors

Capital International Investors trimmed its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 97.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 78,844 shares of the semiconductor producer's stock after selling 2,792,142 shares during the quarter. Capital International Investors' holdings in STMicroelectronics were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its stake in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of STMicroelectronics during the fourth quarter valued at $31,000. Smartleaf Asset Management LLC grew its position 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 worth $33,000 after acquiring an additional 921 shares during the last quarter. Rakuten Securities Inc. increased its holdings 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 acquiring an additional 1,180 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in STMicroelectronics in the 4th quarter valued at about $53,000. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Price Performance

STMicroelectronics stock traded down $0.05 during mid-day trading on Friday, hitting $23.29. The company's stock had a trading volume of 6,484,761 shares, compared to its average volume of 5,492,828. STMicroelectronics has a twelve month low of $17.25 and a twelve month high of $45.39. The stock's fifty day moving average price is $23.08 and its two-hundred day moving average price is $24.71. The stock has a market capitalization of $20.92 billion, a P/E ratio of 14.03, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

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, topping analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. Research analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

STM has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research note on Friday. Barclays cut STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Bank of America cut shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Susquehanna decreased their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a research report on Friday, January 31st. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.