STMicroelectronics (NYSE:STM) Stake Lifted by Inspire Advisors LLC

Inspire Advisors LLC increased its stake in STMicroelectronics (NYSE:STM) by 30.3% in the 4th quarter, HoldingsChannel reports. The fund owned 20,529 shares of the semiconductor producer’s stock after acquiring an additional 4,769 shares during the period. Inspire Advisors LLC’s holdings in STMicroelectronics were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. PNC Financial Services Group Inc. boosted 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 valued at $307,000 after acquiring an additional 539 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in STMicroelectronics during the fourth quarter worth approximately $107,000. Callan Family Office LLC bought a new stake in STMicroelectronics during the fourth quarter worth approximately $486,000. Raymond James Financial Inc. bought a new stake in STMicroelectronics during the fourth quarter worth approximately $1,738,000. Finally, Aigen Investment Management LP boosted its holdings in STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer’s stock worth $1,947,000 after buying an additional 39,082 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Down 0.3 %

STM stock opened at $24.97 on Wednesday. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $48.65. 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 company has a market cap of $22.56 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 1.16 and a beta of 1.56. The company has a 50 day moving average of $24.75 and a two-hundred day moving average of $26.41.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on STM. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Susquehanna reduced 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. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. BNP Paribas initiated coverage on shares of STMicroelectronics in a research report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target for the company. Finally, Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.26.

About STMicroelectronics

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.