Marco Investment Management LLC Sells 3,000 Shares of STMicroelectronics (NYSE:STM)

Marco Investment Management LLC decreased its position in shares of STMicroelectronics (NYSE:STM) by 12.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,300 shares of the semiconductor producer’s stock after selling 3,000 shares during the quarter. Marco Investment Management LLC’s holdings in STMicroelectronics were worth $532,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STM. Two Sigma Advisers LP boosted its stake in STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after acquiring an additional 1,216,300 shares during the last quarter. Raymond James Financial Inc. bought a new position in STMicroelectronics during the 4th quarter worth approximately $1,738,000. Point72 Asset Management L.P. bought a new position in STMicroelectronics during the 3rd quarter worth approximately $1,924,000. Shariaportfolio Inc. acquired a new stake in STMicroelectronics during the 4th quarter worth approximately $1,584,000. Finally, ABC Arbitrage SA acquired a new stake in STMicroelectronics during the 4th quarter worth approximately $1,543,000. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

STM has been the topic of several research analyst reports. Bank of America downgraded shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Barclays downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. BNP Paribas initiated coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 target price on the stock. Finally, TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

NYSE STM opened at $25.91 on Friday. The company has a market capitalization of $23.41 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $49.05. The firm’s 50 day moving average is $24.72 and its 200-day moving average is $26.60. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

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 net margin of 11.74% and a return on equity of 8.92%. Equities research analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

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.