Smartleaf Asset Management LLC Acquires 921 Shares of STMicroelectronics (NYSE:STM)

Smartleaf Asset Management LLC raised its holdings in shares of STMicroelectronics (NYSE:STM) by 225.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,329 shares of the semiconductor producer’s stock after purchasing an additional 921 shares during the quarter. Smartleaf Asset Management LLC’s holdings in STMicroelectronics were worth $33,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of STM. Truvestments Capital LLC bought a new stake in STMicroelectronics during the 3rd quarter valued at $25,000. Archer Investment Corp bought a new stake in shares of STMicroelectronics in the 3rd quarter worth $30,000. GAMMA Investing LLC grew its stake in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the 4th quarter worth $31,000. Finally, TD Private Client Wealth LLC grew its stake in shares of STMicroelectronics by 108.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

STM has been the subject of several recent analyst reports. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. BNP Paribas initiated coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price for the company. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

NYSE STM opened at $24.64 on Thursday. The company has a market cap of $22.26 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $48.42. 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 firm’s 50-day simple moving average is $24.74 and its two-hundred day simple moving average is $26.40.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS 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%. Research analysts predict that STMicroelectronics will post 0.85 earnings per share 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.