STMicroelectronics (NYSE:STM) Stock Holdings Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in shares of STMicroelectronics (NYSE:STM - Free Report) by 1,472.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,140 shares of the semiconductor producer's stock after acquiring an additional 14,177 shares during the period. Tower Research Capital LLC TRC's holdings in STMicroelectronics were worth $378,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer's stock valued at $30,000 after acquiring an additional 531 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in STMicroelectronics by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer's stock valued at $307,000 after purchasing an additional 539 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in STMicroelectronics by 16.0% in the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock valued at $127,000 after purchasing an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of STMicroelectronics by 1.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer's stock valued at $1,637,000 after buying an additional 749 shares during the period. Finally, Callan Capital LLC raised its holdings in STMicroelectronics by 11.9% in the 4th quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer's stock valued at $214,000 after acquiring an additional 913 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Down 1.3 %

NYSE:STM traded down $0.31 on Tuesday, reaching $22.67. The stock had a trading volume of 727,461 shares, compared to its average volume of 5,536,259. The company has a 50-day moving average of $22.58 and a 200 day moving average of $24.47. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The stock has a market cap of $20.36 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, beating 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 firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. On average, research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley raised STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Sanford C. Bernstein lowered 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 report on Wednesday, February 5th. Susquehanna lowered their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a "positive" rating for the company in a report on Friday, January 31st. Finally, Dbs Bank lowered shares of STMicroelectronics from a "strong-buy" rating to a "hold" rating in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, STMicroelectronics has an average rating of "Hold" and a consensus price target of $30.97.

About STMicroelectronics

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.