Signaturefd LLC Boosts Holdings in STMicroelectronics (NYSE:STM)

Signaturefd LLC increased its holdings in STMicroelectronics (NYSE:STM) by 27.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,580 shares of the semiconductor producer’s stock after buying an additional 4,448 shares during the quarter. Signaturefd LLC’s holdings in STMicroelectronics were worth $514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of STMicroelectronics in the third quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of STMicroelectronics by 81.4% in the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of STMicroelectronics in the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 225.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its holdings in shares of STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after buying an additional 809 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Bank of America downgraded shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. BNP Paribas initiated coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price target on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics currently has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

STM stock opened at $24.41 on Friday. STMicroelectronics has a one year low of $21.36 and a one year high of $45.39. The company’s fifty day moving average price is $24.70 and its 200-day moving average price is $26.17. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a market capitalization of $21.92 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. On average, equities analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

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.