Barclays PLC Grows Position in STMicroelectronics (NYSE:STM)

Barclays PLC increased its position in shares of STMicroelectronics (NYSE:STMGet Rating) by 92.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 475,857 shares of the semiconductor producer’s stock after buying an additional 228,644 shares during the quarter. Barclays PLC owned about 0.05% of STMicroelectronics worth $14,724,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vestmark Advisory Solutions Inc. grew its stake in STMicroelectronics by 130.8% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 21,546 shares of the semiconductor producer’s stock worth $678,000 after buying an additional 12,210 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in STMicroelectronics by 2.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,964 shares of the semiconductor producer’s stock worth $535,000 after buying an additional 342 shares during the last quarter. Hoylecohen LLC grew its stake in shares of STMicroelectronics by 9.4% in the 2nd quarter. Hoylecohen LLC now owns 33,450 shares of the semiconductor producer’s stock valued at $1,053,000 after purchasing an additional 2,875 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of STMicroelectronics in the 2nd quarter valued at approximately $364,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of STMicroelectronics by 207.9% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,116,600 shares of the semiconductor producer’s stock valued at $35,139,000 after purchasing an additional 754,000 shares during the last quarter. Hedge funds and other institutional investors own 6.49% of the company’s stock.

Wall Street Analyst Weigh In

STM has been the topic of several analyst reports. Susquehanna Bancshares initiated coverage on STMicroelectronics in a research note on Monday, December 12th. They issued a “positive” rating and a $50.00 target price on the stock. Susquehanna initiated coverage on STMicroelectronics in a research note on Monday, December 12th. They issued a “positive” rating and a $50.00 target price on the stock. William Blair initiated coverage on STMicroelectronics in a research note on Monday, October 17th. They issued a “market perform” rating on the stock. Sanford C. Bernstein started coverage on STMicroelectronics in a research note on Wednesday, January 18th. They issued an “outperform” rating on the stock. Finally, Societe Generale set a €71.00 ($77.17) price target on STMicroelectronics in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics currently has a consensus rating of “Hold” and a consensus target price of $52.30.

STMicroelectronics Stock Performance

Shares of STM stock opened at $42.44 on Wednesday. The stock has a fifty day moving average price of $38.34 and a 200 day moving average price of $35.93. The stock has a market cap of $38.55 billion, a PE ratio of 11.50, a P/E/G ratio of 2.31 and a beta of 1.52. STMicroelectronics has a 1 year low of $28.35 and a 1 year high of $47.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.81 and a current ratio of 2.43.

STMicroelectronics (NYSE:STMGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The semiconductor producer reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.12. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.19 billion. STMicroelectronics had a return on equity of 34.37% and a net margin of 22.69%. STMicroelectronics’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts forecast that STMicroelectronics will post 4 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

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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.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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