Barclays PLC Increases Stock Holdings in STMicroelectronics (NYSE:STM)

Barclays PLC increased its holdings in STMicroelectronics (NYSE:STMGet Rating) by 92.5% in the third quarter, Holdings Channel.com reports. The firm owned 475,857 shares of the semiconductor producer’s stock after purchasing an additional 228,644 shares during the period. Barclays PLC’s holdings in STMicroelectronics were worth $14,724,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its position in STMicroelectronics by 47.6% during the second quarter. CWM LLC now owns 1,193 shares of the semiconductor producer’s stock valued at $38,000 after acquiring an additional 385 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in STMicroelectronics during the second quarter valued at about $39,000. Ellevest Inc. grew its position in STMicroelectronics by 286.0% during the third quarter. Ellevest Inc. now owns 1,355 shares of the semiconductor producer’s stock valued at $42,000 after acquiring an additional 1,004 shares during the period. Janiczek Wealth Management LLC grew its position in STMicroelectronics by 439.0% during the third quarter. Janiczek Wealth Management LLC now owns 1,466 shares of the semiconductor producer’s stock valued at $47,000 after acquiring an additional 1,194 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in STMicroelectronics by 206.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,090 shares of the semiconductor producer’s stock valued at $66,000 after acquiring an additional 1,409 shares during the period. Hedge funds and other institutional investors own 6.49% of the company’s stock.

Analyst Ratings Changes

STM has been the topic of a number of recent research reports. Susquehanna Bancshares initiated coverage on STMicroelectronics in a research note on Monday, December 12th. They set a “positive” rating and a $50.00 price objective on the stock. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 18th. Morgan Stanley initiated coverage on STMicroelectronics in a research note on Tuesday, November 8th. They set an “equal weight” rating on the stock. Barclays started coverage on STMicroelectronics in a research note on Tuesday, January 17th. They set an “overweight” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price target on STMicroelectronics from €48.00 ($52.17) to €45.00 ($48.91) and set a “buy” rating on the stock in a research note on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.30.

STMicroelectronics Trading Down 1.3 %

Shares of NYSE STM opened at $42.44 on Wednesday. The stock’s 50 day moving average price is $38.34 and its two-hundred day moving average price is $35.93. STMicroelectronics has a 52-week low of $28.35 and a 52-week high of $47.55. The stock has a market capitalization of $38.55 billion, a P/E ratio of 11.50, a PEG ratio of 2.31 and a beta of 1.52. The company has a quick ratio of 1.81, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

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

About STMicroelectronics

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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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