Investors Research Corp Sells 475 Shares of STMicroelectronics (NYSE:STM)

Investors Research Corp reduced its position in shares of STMicroelectronics (NYSE:STM) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp raised 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 worth $2,048,000 after acquiring an additional 493 shares in the last quarter. GAMMA Investing LLC raised 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 worth $30,000 after acquiring an additional 531 shares in the last quarter. PNC Financial Services Group Inc. raised 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 worth $307,000 after acquiring an additional 539 shares in the last quarter. Moran Wealth Management LLC raised 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 worth $2,039,000 after acquiring an additional 634 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of STMicroelectronics by 1.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock valued at $1,637,000 after purchasing an additional 749 shares during the period. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on STM. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $32.00 to $25.00 in a research report on Monday, January 13th. Susquehanna dropped their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Friday, January 31st. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Finally, Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, ten have given 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, STMicroelectronics currently has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Trading Down 5.7 %

STM stock opened at $25.01 on Tuesday. 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’s 50-day simple moving average is $24.75 and its 200 day simple moving average is $26.46. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $48.65. The company has a market capitalization of $22.59 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56.

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, sell-side analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current 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.