Natixis Advisors LLC Sells 50,360 Shares of STMicroelectronics (NYSE:STM)

Natixis Advisors LLC decreased its stake in shares of STMicroelectronics (NYSE:STM) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,081 shares of the semiconductor producer’s stock after selling 50,360 shares during the quarter. Natixis Advisors LLC’s holdings in STMicroelectronics were worth $1,625,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Copperwynd Financial LLC bought a new position in shares of STMicroelectronics during the 4th quarter valued at about $207,000. Brandes Investment Partners LP purchased a new position in STMicroelectronics during the 4th quarter valued at approximately $15,570,000. Rakuten Securities Inc. increased its stake in 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 acquiring an additional 1,180 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of STMicroelectronics by 30.3% during the 4th quarter. Inspire Advisors LLC now owns 20,529 shares of the semiconductor producer’s stock worth $513,000 after acquiring an additional 4,769 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of STMicroelectronics by 4.6% during the 4th 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 during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STM. Susquehanna decreased their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Stock Up 1.1 %

NYSE:STM opened at $24.29 on Tuesday. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $45.39. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $24.70 and a 200-day simple moving average of $26.03.

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 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%. Analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

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.