Two Sigma Investments LP Purchases 725,684 Shares of STMicroelectronics (NYSE:STM)

Two Sigma Investments LP lifted its position in STMicroelectronics (NYSE:STM) by 19.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,475,384 shares of the semiconductor producer’s stock after buying an additional 725,684 shares during the period. Two Sigma Investments LP’s holdings in STMicroelectronics were worth $111,750,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STM. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the 4th quarter valued at $31,000. Smartleaf Asset Management LLC increased its position in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 921 shares in the last quarter. Rakuten Securities Inc. increased its position in shares of STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after buying an additional 1,180 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of STMicroelectronics in the 4th quarter valued at $53,000. Finally, Crews Bank & Trust bought a new stake in shares of STMicroelectronics in the 4th quarter valued at $70,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.5%

STMicroelectronics stock opened at $25.81 on Monday. The firm has a 50-day moving average of $22.51 and a 200-day moving average of $24.26. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a market cap of $23.19 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, April 24th. The semiconductor producer reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.55 billion. On average, equities analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

STM has been the subject of a number of recent analyst reports. TD Cowen upped their price objective on shares of STMicroelectronics from $18.00 to $23.00 and gave the company a “hold” rating in a research report on Friday, April 25th. Bank of America cut STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Friday, April 25th. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. One equities 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 issued a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics currently has an average rating of “Hold” and an average price target of $30.97.

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.