1 day Ago By Defense World Staff
American Century Companies Inc. grew its holdings in STMicroelectronics (NYSE:STM – Free Report) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 518,411 shares of the semiconductor producer’s stock after purchasing an additional 21,983 shares during the period. American Century Companies Inc. owned about 0.
06% of STMicroelectronics worth $12,945,000 as of its most recent SEC filing. Several other hedge funds have also recently modified their holdings of STM. Stifel Financial Corp increased its holdings in STMicroelectronics by 0.
7% in the 3rd quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC grew its stake 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 worth $30,000 after acquiring an additional 531 shares during the period. PNC Financial Services Group Inc.
raised its holdings in shares of STMicroelectronics by 4.6% during the fourth 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. Crossmark Global Holdings Inc. lifted its position in 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 purchasing an additional 749 shares during the period.
Finally, TD Private Client Wealth LLC boosted its holdings in STMicroelectronics by 108.3% in the third 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 last quarter.
Hedge funds and other institutional investors own 5.05% of the company’s stock. STMicroelectronics Stock Down 0.
9 %STM opened at $21.77 on Wednesday. The stock has a market cap of $19.
55 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 1.16 and a beta of 1.
56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.
37 and a current ratio of 3.11. The firm’s fifty day moving average is $24.
41 and its 200 day moving average is $25.79. STMicroelectronics has a fifty-two week low of $21.
28 and a fifty-two week high of $45.39. STMicroelectronics (NYSE:STM – Get Free Report) last announced its quarterly earnings data on Thursday, January 30th.
The semiconductor producer reported $0.37 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%. On average, sell-side analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.
Analysts Set New Price TargetsSeveral equities analysts have recently weighed in on STM shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th.
BNP Paribas initiated coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock.
Morgan Stanley upgraded 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 lowered their price objective for the stock from $33.
00 to $26.00 in a research note on Wednesday, February 5th. Finally, TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their target price for the company from $32.
00 to $25.00 in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.
According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.26.Get Our Latest Analysis on STMSTMicroelectronics Profile (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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