US Bancorp DE Decreases Stake in STMicroelectronics (NYSE:STM)

US Bancorp DE lessened its stake in STMicroelectronics (NYSE:STMGet Rating) by 14.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 65,387 shares of the semiconductor producer’s stock after selling 10,810 shares during the quarter. US Bancorp DE’s holdings in STMicroelectronics were worth $2,022,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in STM. EverSource Wealth Advisors LLC lifted its stake in STMicroelectronics by 84.6% during the first quarter. EverSource Wealth Advisors LLC now owns 681 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 312 shares during the last quarter. CWM LLC lifted its stake in STMicroelectronics by 47.6% during the second quarter. CWM LLC now owns 1,193 shares of the semiconductor producer’s stock worth $38,000 after purchasing an additional 385 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in STMicroelectronics during the second quarter worth approximately $39,000. Janiczek Wealth Management LLC lifted its stake in STMicroelectronics by 439.0% during the third quarter. Janiczek Wealth Management LLC now owns 1,466 shares of the semiconductor producer’s stock worth $47,000 after purchasing an additional 1,194 shares during the last quarter. Finally, Fieldpoint Private Securities LLC lifted its stake in STMicroelectronics by 107.6% during the second quarter. Fieldpoint Private Securities LLC now owns 2,201 shares of the semiconductor producer’s stock worth $69,000 after purchasing an additional 1,141 shares during the last quarter. Hedge funds and other institutional investors own 6.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STM shares. Deutsche Bank Aktiengesellschaft decreased their target price on STMicroelectronics from €48.00 ($51.61) to €45.00 ($48.39) and set a “buy” rating for the company in a research note on Friday, October 28th. Societe Generale set a €71.00 ($76.34) price objective on STMicroelectronics in a research note on Tuesday, November 1st. Susquehanna Bancshares assumed coverage on STMicroelectronics in a research note on Monday, December 12th. They issued a “positive” rating and a $50.00 price objective for the company. StockNews.com assumed coverage on STMicroelectronics in a research note on Wednesday, October 12th. They issued a “strong-buy” rating for the company. Finally, William Blair assumed coverage on STMicroelectronics in a research note on Monday, October 17th. They issued a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, STMicroelectronics has an average rating of “Hold” and a consensus price target of $52.30.

STMicroelectronics Trading Up 0.9 %

NYSE:STM opened at $41.14 on Monday. The firm has a market cap of $37.37 billion, a P/E ratio of 11.15, a PEG ratio of 2.21 and a beta of 1.51. The company has a current ratio of 2.43, a quick ratio of 1.81 and a debt-to-equity ratio of 0.23. The stock’s 50 day simple moving average is $37.47 and its 200-day simple moving average is $35.38. STMicroelectronics has a 12-month low of $28.35 and a 12-month high of $49.62.

STMicroelectronics (NYSE:STMGet Rating) last released its earnings results on Thursday, October 27th. The semiconductor producer reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.12. STMicroelectronics had a return on equity of 34.37% and a net margin of 22.69%. The business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.19 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. Equities analysts anticipate that STMicroelectronics will post 4 EPS for the current year.

STMicroelectronics Profile

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.