American Century Companies Inc. Raises Holdings in STMicroelectronics (NYSE:STM)

American Century Companies Inc. increased its position in STMicroelectronics ( NYSE:STM – Free Report ) by 4.4% during the fourth quarter, Holdings Channel.

com reports. 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.



’s holdings in STMicroelectronics were worth $12,945,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of STMicroelectronics by 81.

4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc.

bought a new stake in STMicroelectronics in the fourth quarter worth $31,000. Smartleaf Asset Management LLC raised its stake in STMicroelectronics by 225.7% during the fourth quarter.

Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 921 shares in the last quarter. TD Private Client Wealth LLC lifted its position in STMicroelectronics by 108.3% during the third quarter.

TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after purchasing an additional 809 shares during the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of STMicroelectronics by 197.

0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock worth $44,000 after buying an additional 1,180 shares in the last quarter.

5.05% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth A number of research analysts recently commented on the stock.

Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $33.00 to $26.

00 in a report on Wednesday, February 5th. BNP Paribas assumed coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.

00 price objective for the company. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th.

Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Finally, Susquehanna cut their price objective on shares of STMicroelectronics from $33.00 to $28.

00 and set a “positive” rating on the stock in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics presently has an average rating of “Hold” and a consensus target price of $31.

26. STMicroelectronics Trading Down 0.9 % STM stock opened at $21.

77 on Wednesday. The company has a market capitalization of $19.55 billion, a PE ratio of 13.

11, a P/E/G ratio of 1.16 and a beta of 1.56.

The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.

37. STMicroelectronics has a 12 month low of $21.28 and a 12 month high of $45.

39. The firm’s 50-day moving average is $24.41 and its 200 day moving average is $25.

79. STMicroelectronics ( NYSE:STM – Get Free Report ) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.

37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02.

STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%.

On average, research analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year. About STMicroelectronics ( 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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