Copperwynd Financial LLC Invests $207,000 in STMicroelectronics (NYSE:STM)

Copperwynd Financial LLC purchased a new position in STMicroelectronics (NYSE:STM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,280 shares of the semiconductor producer’s stock, valued at approximately $207,000.

Several other hedge funds have also recently modified their holdings of the business. Stifel Financial Corp grew its holdings in shares of STMicroelectronics by 0.7% in the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after acquiring an additional 493 shares during the period. GAMMA Investing LLC grew its holdings 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. grew its holdings in shares of STMicroelectronics by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after acquiring an additional 539 shares during the period. Moran Wealth Management LLC grew its holdings in shares of STMicroelectronics by 0.9% in the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock worth $2,039,000 after acquiring an additional 634 shares during the period. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of STMicroelectronics by 1.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock worth $1,637,000 after acquiring an additional 749 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

NYSE STM opened at $24.86 on Friday. The firm has a market cap of $22.45 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth 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 50-day moving average price of $24.75 and a 200-day moving average price of $26.34. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $45.64.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. As a group, equities research analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. BNP Paribas started coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price objective for the company. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $31.26.

STMicroelectronics Profile

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.