Callan Family Office LLC Acquires Shares of 19,451 STMicroelectronics (NYSE:STM)

Callan Family Office LLC acquired a new stake in STMicroelectronics (NYSE:STM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 19,451 shares of the semiconductor producer’s stock, valued at approximately $486,000.

Several other institutional investors have also added to or reduced their stakes in STM. Janney Montgomery Scott LLC raised its holdings in STMicroelectronics by 16.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 54,102 shares of the semiconductor producer’s stock worth $1,608,000 after purchasing an additional 7,718 shares in the last quarter. Assetmark Inc. raised its holdings in STMicroelectronics by 14.6% in the 3rd quarter. Assetmark Inc. now owns 52,748 shares of the semiconductor producer’s stock worth $1,568,000 after purchasing an additional 6,709 shares in the last quarter. Tompkins Financial Corp bought a new position in STMicroelectronics in the 3rd quarter worth $59,000. Atria Investments Inc raised its holdings in STMicroelectronics by 3.4% in the 3rd quarter. Atria Investments Inc now owns 37,867 shares of the semiconductor producer’s stock worth $1,126,000 after purchasing an additional 1,245 shares in the last quarter. Finally, Covestor Ltd bought a new position in STMicroelectronics in the 3rd quarter worth $62,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on STM shares. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. BNP Paribas initiated coverage on STMicroelectronics in a research report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective for the company. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Stock Up 2.1 %

STM stock opened at $26.46 on Monday. The stock has a market capitalization of $23.90 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $48.75. The business has a fifty day moving average price of $24.75 and a 200-day moving average price of $26.50.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping 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%. Equities analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

About STMicroelectronics

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.