Dimensional Fund Advisors LP Has $55.40 Million Holdings in STMicroelectronics (NYSE:STM)

Dimensional Fund Advisors LP lowered its stake in STMicroelectronics (NYSE:STM - Free Report) by 28.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,218,606 shares of the semiconductor producer's stock after selling 876,079 shares during the period. Dimensional Fund Advisors LP owned approximately 0.25% of STMicroelectronics worth $55,399,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of STM. First Trust Advisors LP increased its holdings in STMicroelectronics by 85.0% in the 4th quarter. First Trust Advisors LP now owns 89,723 shares of the semiconductor producer's stock valued at $2,240,000 after buying an additional 41,236 shares during the period. Marshall Wace LLP increased its stake in STMicroelectronics by 110.6% in the fourth quarter. Marshall Wace LLP now owns 326,611 shares of the semiconductor producer's stock valued at $8,155,000 after acquiring an additional 171,541 shares during the last quarter. XTX Topco Ltd raised its position in STMicroelectronics by 207.5% during the fourth quarter. XTX Topco Ltd now owns 75,211 shares of the semiconductor producer's stock valued at $1,878,000 after purchasing an additional 50,756 shares in the last quarter. Barclays PLC lifted its stake in STMicroelectronics by 22.1% during the fourth quarter. Barclays PLC now owns 1,281,006 shares of the semiconductor producer's stock worth $31,987,000 after purchasing an additional 231,668 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at $1,738,000. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Trading Down 0.3 %

Shares of NYSE STM traded down $0.06 during trading on Thursday, reaching $23.00. The company had a trading volume of 1,179,220 shares, compared to its average volume of 5,550,584. STMicroelectronics has a 12 month low of $17.25 and a 12 month high of $45.39. 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 stock has a market cap of $20.66 billion, a P/E ratio of 13.86, a PEG ratio of 1.16 and a beta of 1.53. The company's fifty day moving average price is $22.51 and its 200-day moving average price is $24.45.

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 analysts' consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. As a group, research analysts expect that STMicroelectronics will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

STM has been the subject of several recent analyst reports. Dbs Bank downgraded STMicroelectronics from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 28th. Jefferies Financial Group raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley raised shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a report on Thursday, February 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research note on Friday, April 25th. Finally, Bank of America cut shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, STMicroelectronics has a consensus rating of "Hold" and an average target price of $30.97.

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.