Signaturefd LLC Acquires 4,448 Shares of STMicroelectronics (NYSE:STM)

Signaturefd LLC increased its holdings in STMicroelectronics (NYSE:STM) by 27.6% during the 4th quarter, HoldingsChannel reports. The firm owned 20,580 shares of the semiconductor producer’s stock after buying an additional 4,448 shares during the period. Signaturefd LLC’s holdings in STMicroelectronics were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Stifel Financial Corp increased its position 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 acquiring an additional 493 shares during the last quarter. GAMMA Investing LLC increased its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after acquiring an additional 531 shares during the last quarter. PNC Financial Services Group Inc. increased its position in STMicroelectronics by 4.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock valued at $307,000 after acquiring an additional 539 shares during the last quarter. Moran Wealth Management LLC increased its position in STMicroelectronics by 0.9% during the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock valued at $2,039,000 after acquiring an additional 634 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in STMicroelectronics by 1.2% during the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after acquiring an additional 749 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STM. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Susquehanna cut their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday, January 31st. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their price target for the stock from $32.00 to $25.00 in a report on Monday, January 13th. BNP Paribas began coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target on the stock. Finally, Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.26.

STMicroelectronics Stock Down 4.2 %

NYSE:STM opened at $24.41 on Friday. STMicroelectronics has a 1-year low of $21.36 and a 1-year high of $45.39. The company has a 50-day moving average of $24.70 and a 200 day moving average of $26.17. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating 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%. As a group, research analysts anticipate that STMicroelectronics will post 0.85 EPS for the current fiscal year.

STMicroelectronics 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.