STMicroelectronics (NYSE:STM) Shares Acquired by Inspire Advisors LLC

Inspire Advisors LLC grew its position in STMicroelectronics (NYSE:STM) by 9.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,607 shares of the semiconductor producer’s stock after purchasing an additional 1,108 shares during the period. Inspire Advisors LLC’s holdings in STMicroelectronics were worth $545,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of STM. Mather Group LLC. purchased a new position in STMicroelectronics in the 1st quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of STMicroelectronics in the fourth quarter valued at $40,000. GAMMA Investing LLC purchased a new position in shares of STMicroelectronics in the fourth quarter valued at $48,000. Headlands Technologies LLC boosted its stake in shares of STMicroelectronics by 74.9% in the fourth quarter. Headlands Technologies LLC now owns 1,221 shares of the semiconductor producer’s stock valued at $61,000 after purchasing an additional 523 shares during the period. Finally, Principal Securities Inc. purchased a new position in shares of STMicroelectronics in the fourth quarter valued at $70,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Stock Performance

Shares of NYSE:STM traded up $0.12 on Tuesday, reaching $42.25. 1,425,578 shares of the company’s stock were exchanged, compared to its average volume of 3,396,229. The firm has a market capitalization of $38.17 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 4.01 and a beta of 1.59. STMicroelectronics has a fifty-two week low of $37.21 and a fifty-two week high of $55.85. The business’s 50-day moving average is $41.84 and its two-hundred day moving average is $43.27. The company has a quick ratio of 2.58, a current ratio of 3.34 and a debt-to-equity ratio of 0.17.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.61 billion. During the same period last year, the business earned $1.10 EPS. The firm’s revenue was down 18.4% on a year-over-year basis. As a group, equities research analysts forecast that STMicroelectronics will post 2.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STM. Susquehanna restated a “positive” rating and issued a $55.00 target price on shares of STMicroelectronics in a research note on Monday, April 8th. William Blair reiterated a “market perform” rating on shares of STMicroelectronics in a research note on Friday, April 26th. Berenberg Bank upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group upgraded shares of STMicroelectronics from a “sell” rating to a “neutral” rating and increased their price objective for the company from $35.50 to $45.80 in a research note on Tuesday, June 18th. Finally, StockNews.com upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, June 12th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.76.

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.