TRU Independence Asset Management 2 LLC Makes New Investment in STMicroelectronics (NYSE:STM)


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TRU Independence Asset Management 2 LLC acquired a new stake in STMicroelectronics (NYSE:STM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 700 shares of the semiconductor producer’s stock, valued at approximately $26,000.

Other hedge funds also recently bought and sold shares of the company. Encompass Wealth Advisors LLC acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $26,000. Sterling Investment Advisors Ltd. acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $30,000. Fieldpoint Private Securities LLC acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $33,000. Veriti Management LLC acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $62,000. Finally, IFP Advisors Inc grew its stake in STMicroelectronics by 48.7% in the 4th quarter. IFP Advisors Inc now owns 2,010 shares of the semiconductor producer’s stock worth $74,000 after acquiring an additional 658 shares during the period. Institutional investors own 3.56% of the company’s stock.

Several analysts have commented on STM shares. Bryan, Garnier & Co raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a research note on Friday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Friday, January 29th. Societe Generale reissued a “buy” rating on shares of STMicroelectronics in a research note on Tuesday, January 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research report on Friday, January 29th. Finally, Barclays reaffirmed an “overweight” rating on shares of STMicroelectronics in a research report on Friday, January 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. STMicroelectronics presently has a consensus rating of “Buy” and an average target price of $46.50.

STMicroelectronics stock opened at $39.66 on Thursday. The firm has a 50 day simple moving average of $37.93 and a 200-day simple moving average of $36.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.37 and a quick ratio of 1.75. The stock has a market capitalization of $36.14 billion, a PE ratio of 39.66, a price-to-earnings-growth ratio of 5.14 and a beta of 1.52. STMicroelectronics has a 12-month low of $21.22 and a 12-month high of $43.02.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 28th. The semiconductor producer reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. STMicroelectronics had a net margin of 9.41% and a return on equity of 12.69%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.22 billion. During the same period in the prior year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 17.5% on a year-over-year basis. On average, analysts forecast that STMicroelectronics will post 1.17 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog and MEMS Group, and Microcontrollers and Digital ICs Group.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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