Jones Financial Companies Lllp Buys 2,635 Shares of STMicroelectronics (NYSE:STM)

Jones Financial Companies Lllp increased its holdings in STMicroelectronics (NYSE:STM) by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,722 shares of the semiconductor producer’s stock after purchasing an additional 2,635 shares during the quarter. Jones Financial Companies Lllp’s holdings in STMicroelectronics were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STM. Truvestments Capital LLC bought a new stake in shares of STMicroelectronics in the third quarter worth $25,000. Archer Investment Corp bought a new stake in shares of STMicroelectronics in the third quarter worth $30,000. GAMMA Investing LLC grew its stake 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 purchasing an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the fourth quarter worth $31,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on STM. BNP Paribas began coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price objective on the stock. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Susquehanna dropped their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Finally, Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $24.64 on Thursday. The firm’s 50-day moving average price is $24.74 and its 200-day moving average price is $26.40. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $48.42. The firm has a market capitalization of $22.26 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data 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%. Equities research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

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.