STMicroelectronics (NYSE:STM) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in STMicroelectronics (NYSE:STM) by 10.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,843 shares of the semiconductor producer’s stock after buying an additional 4,342 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in STMicroelectronics were worth $1,120,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of STM. Two Sigma Advisers LP increased its position in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after buying an additional 1,216,300 shares during the period. Stifel Financial Corp grew its position in shares of STMicroelectronics by 0.7% during 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 last quarter. US Bancorp DE increased its holdings in shares of STMicroelectronics by 54.9% in the 4th quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer’s stock worth $1,697,000 after acquiring an additional 24,096 shares during the period. Crossmark Global Holdings Inc. lifted its position in STMicroelectronics by 1.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after purchasing an additional 749 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in STMicroelectronics during the 3rd quarter valued at about $1,924,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Stock Down 3.1 %

STMicroelectronics stock opened at $22.17 on Monday. The company has a fifty day simple moving average of $24.56 and a 200 day simple moving average of $25.88. 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 has a 1-year low of $21.36 and a 1-year high of $45.39. The company has a market cap of $19.91 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS 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%. Research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

STM has been the topic of a number of recent analyst reports. BNP Paribas assumed coverage on STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target on the stock. Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Finally, Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. One 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 company’s stock. Based on data from MarketBeat.com, STMicroelectronics presently has a consensus rating of “Hold” and an average target price 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.