7 hours Ago By Defense World Staff
Russell Investments Group Ltd. raised its position in STMicroelectronics ( NYSE:STM – Free Report ) by 16.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 5,069 shares of the semiconductor producer’s stock after purchasing an additional 700 shares during the period. Russell Investments Group Ltd.’s holdings in STMicroelectronics were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in 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 buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics during the 4th quarter worth about $31,000.
Smartleaf Asset Management LLC boosted its holdings in STMicroelectronics by 225.7% in 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.
Rakuten Securities Inc. increased its stake in STMicroelectronics by 197.0% in the fourth quarter.
Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after purchasing an additional 1,180 shares during the last quarter. Finally, SBI Securities Co.
Ltd. acquired a new stake in STMicroelectronics during the fourth quarter worth approximately $53,000. 5.
05% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Several research analysts have recently issued reports on STM shares. 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. Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th.
TD Cowen boosted their target price on STMicroelectronics from $18.00 to $23.00 and gave the company a “hold” rating in a report on Friday.
Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Bank of America cut 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 issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $30.97.
STMicroelectronics Stock Down 0.2 % STM stock opened at $23.29 on Friday.
The stock has a market capitalization of $20.92 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.
16 and a beta of 1.56. The company has a fifty day moving average of $23.
08 and a 200-day moving average of $24.71. The company has a debt-to-equity ratio of 0.
11, a quick ratio of 2.37 and a current ratio of 3.11.
STMicroelectronics has a one year low of $17.25 and a one year high of $45.39.
STMicroelectronics ( NYSE:STM – Get Free Report ) last announced its quarterly earnings data 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 net margin of 11.
74% and a return on equity of 8.92%. The firm had revenue of $2.
52 billion during the quarter, compared to the consensus estimate of $2.55 billion. As a group, analysts expect that STMicroelectronics will post 0.
85 EPS for the current year. STMicroelectronics Company 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. Further Reading Five stocks we like better than STMicroelectronics Using the MarketBeat Stock Split Calculator Short Sellers Gave Up on These 3 Names Recently Breakout Stocks: What They Are and How to Identify Them 3 Boring Stocks Outperforming the Market This Year How to Plot Fibonacci Price Inflection Levels If You Wanted To Buy AbbVie and Didn’t, There’s Still Time To Buy Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.
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