Investors Research Corp Has $506,000 Stake in STMicroelectronics (NYSE:STM)

Investors Research Corp decreased its holdings in shares of STMicroelectronics (NYSE:STM) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,250 shares of the semiconductor producer’s stock after selling 475 shares during the quarter. Investors Research Corp’s holdings in STMicroelectronics were worth $506,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Two Sigma Advisers LP grew its holdings in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the period. Quantbot Technologies LP grew its holdings in STMicroelectronics by 174.3% during the third quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer’s stock valued at $2,886,000 after purchasing an additional 61,682 shares during the period. Aigen Investment Management LP grew its holdings in STMicroelectronics by 100.5% during the fourth quarter. Aigen Investment Management LP now owns 77,986 shares of the semiconductor producer’s stock valued at $1,947,000 after purchasing an additional 39,082 shares during the period. Raymond James Financial Inc. acquired a new position in STMicroelectronics during the fourth quarter valued at approximately $1,738,000. Finally, Stifel Financial Corp grew its holdings in STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock valued at $2,048,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM stock opened at $25.01 on Tuesday. The company’s fifty day simple moving average is $24.75 and its 200-day simple moving average is $26.46. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The firm has a market cap of $22.59 billion, a PE ratio of 15.06, a P/E/G 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 $48.65.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS 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 expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

STM has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $25.00 in a report on Monday, January 13th. Finally, Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.26.

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.