STMicroelectronics (NYSE:STM) Stock Position Decreased by Principal Securities Inc.

Principal Securities Inc. cut its stake in shares of STMicroelectronics (NYSE:STM) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,100 shares of the semiconductor producer’s stock after selling 985 shares during the period. Principal Securities Inc.’s holdings in STMicroelectronics were worth $27,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in STMicroelectronics in the 3rd quarter worth approximately $25,000. Archer Investment Corp purchased a new stake in shares of STMicroelectronics in the third quarter valued at $30,000. GAMMA Investing LLC boosted its position 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 buying an additional 531 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in shares of STMicroelectronics during the fourth quarter valued at $31,000. Finally, TD Private Client Wealth LLC raised its position in STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after buying an additional 809 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Trading Up 1.0 %

Shares of NYSE:STM opened at $24.71 on Friday. STMicroelectronics has a 1 year low of $21.36 and a 1 year high of $49.05. The firm has a fifty day moving average price of $24.78 and a 200 day moving average price of $26.75. 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 market capitalization of $22.32 billion, a PE ratio of 14.89, a P/E/G ratio of 1.16 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last issued 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 return on equity of 8.92% and a net margin of 11.74%. Analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on STM shares. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Barclays downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Finally, BNP Paribas began coverage on STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Company 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.