Mariner LLC cut its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 39.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 40,590 shares of the semiconductor producer's stock after selling 26,406 shares during the period. Mariner LLC's holdings in STMicroelectronics were worth $1,014,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock worth $30,000 after buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in STMicroelectronics during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC lifted its stake in STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer's stock worth $33,000 after purchasing an additional 921 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in shares of STMicroelectronics by 197.0% during 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 during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $53,000. 5.05% of the stock is owned by hedge funds and other institutional investors.
STMicroelectronics Trading Down 1.0 %
NYSE:STM traded down $0.24 on Wednesday, reaching $22.74. 6,720,719 shares of the company's stock were exchanged, compared to its average volume of 5,516,059. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52-week low of $17.25 and a 52-week 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 business has a fifty day moving average of $22.90 and a 200-day moving average of $24.62.
STMicroelectronics (NYSE:STM - Get Free Report) last released 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. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.55 billion. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, analysts expect that STMicroelectronics will post 0.85 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research note on Thursday, February 13th. Sanford C. Bernstein cut shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a report on Friday. Barclays downgraded shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 22nd. Finally, Bank of America lowered STMicroelectronics from a "buy" rating to a "neutral" rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $30.97.
Read Our Latest Report on STMicroelectronics
STMicroelectronics Profile
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Free Report)
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.
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