STMicroelectronics (NYSE:STM) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd lifted its position in STMicroelectronics (NYSE:STM - Free Report) by 207.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,211 shares of the semiconductor producer's stock after purchasing an additional 50,756 shares during the quarter. XTX Topco Ltd's holdings in STMicroelectronics were worth $1,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in STMicroelectronics by 54.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,501 shares of the semiconductor producer's stock valued at $1,204,000 after acquiring an additional 14,296 shares during the period. Verition Fund Management LLC raised its holdings in shares of STMicroelectronics by 308.8% during the third quarter. Verition Fund Management LLC now owns 9,463 shares of the semiconductor producer's stock worth $281,000 after purchasing an additional 13,996 shares during the last quarter. Stifel Financial Corp boosted its holdings in STMicroelectronics by 0.7% in the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock valued at $2,048,000 after purchasing an additional 493 shares during the last quarter. TD Private Client Wealth LLC grew its position in STMicroelectronics by 108.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock worth $46,000 after purchasing an additional 809 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at about $186,000. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Price Performance

STM traded up $0.10 during trading on Friday, reaching $20.22. The company's stock had a trading volume of 6,790,348 shares, compared to its average volume of 5,415,597. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $23.31 and a two-hundred day simple moving average of $24.93. The company has a market cap of $18.16 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 1 year low of $17.25 and a 1 year high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STM shares. TD Cowen downgraded STMicroelectronics from a "buy" rating to a "hold" rating and decreased their price target for the company from $32.00 to $25.00 in a report on Monday, January 13th. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 22nd. Morgan Stanley upgraded STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Sanford C. Bernstein downgraded 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. Finally, Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, STMicroelectronics currently has a consensus rating of "Hold" and a consensus target price of $31.26.

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.