7 hours Ago By ABMN Staff
Russell Investments Group Ltd. grew its stake in shares of STMicroelectronics ( NYSE:STM – Free Report ) by 16.0% in the fourth quarter, Holdings Channel.
com reports. 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 at the end of the most recent reporting period. Several other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc.
purchased a new position in shares of STMicroelectronics in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC raised its stake in shares of STMicroelectronics by 225.7% during the 4th quarter.
Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares during the last quarter. Rakuten Securities Inc. boosted its position 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.
Finally, SBI Securities Co. Ltd. acquired a new stake in STMicroelectronics in the 4th quarter valued at about $53,000.
Hedge funds and other institutional investors own 5.05% of the company’s stock. STMicroelectronics Trading Down 0.
2 % STM stock opened at $23.29 on Friday. STMicroelectronics has a 52 week low of $17.
25 and a 52 week high of $45.39. The company has a market cap of $20.
92 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.16 and a beta of 1.
56. 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 simple moving average of $23.
08 and a 200-day simple moving average of $24.71. Analyst Upgrades and Downgrades STM has been the topic of several research reports.
Sanford C. Bernstein lowered 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 research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd.
Susquehanna cut their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st.
Finally, Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Hold” and an average target price of $30.97. Read Our Latest Report on STM 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.
Further Reading Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics ( NYSE:STM – Free Report ). 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.
com's FREE daily email newsletter ..
