STMicroelectronics NV (STM) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. lifted its stake in STMicroelectronics NV (NYSE:STM) by 5.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,490 shares of the semiconductor producer’s stock after acquiring an additional 1,250 shares during the quarter. Eagle Asset Management Inc.’s holdings in STMicroelectronics were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. OLD Mission Capital LLC bought a new stake in STMicroelectronics during the fourth quarter valued at approximately $10,668,000. Two Sigma Investments LP bought a new stake in STMicroelectronics during the fourth quarter valued at approximately $7,919,000. Voloridge Investment Management LLC grew its position in STMicroelectronics by 623.2% during the fourth quarter. Voloridge Investment Management LLC now owns 232,150 shares of the semiconductor producer’s stock valued at $3,222,000 after buying an additional 200,050 shares during the period. Zweig DiMenna Associates LLC bought a new stake in STMicroelectronics during the first quarter valued at approximately $1,856,000. Finally, Henry James International Management Inc. grew its position in STMicroelectronics by 76.9% during the first quarter. Henry James International Management Inc. now owns 260,213 shares of the semiconductor producer’s stock valued at $3,864,000 after buying an additional 113,099 shares during the period. Hedge funds and other institutional investors own 3.97% of the company’s stock.

Shares of NYSE:STM opened at $16.92 on Wednesday. The company has a current ratio of 2.91, a quick ratio of 2.06 and a debt-to-equity ratio of 0.30. STMicroelectronics NV has a 1-year low of $12.00 and a 1-year high of $26.43. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 3.03 and a beta of 1.16.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Wednesday, April 24th. The semiconductor producer reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). STMicroelectronics had a net margin of 12.89% and a return on equity of 19.85%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the prior year, the firm earned $0.28 EPS. STMicroelectronics’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts predict that STMicroelectronics NV will post 1.11 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Deutsche Bank restated a “buy” rating and set a $20.00 target price on shares of STMicroelectronics in a research report on Friday, May 10th. ValuEngine upgraded shares of STMicroelectronics from a “strong sell” rating to a “sell” rating in a research report on Friday, January 25th. Craig Hallum restated a “buy” rating and set a $22.00 target price (up from $20.00) on shares of STMicroelectronics in a research report on Wednesday, April 24th. Robert W. Baird restated a “sell” rating and set a $10.00 target price on shares of STMicroelectronics in a research report on Thursday, January 24th. Finally, Zacks Investment Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. STMicroelectronics has a consensus rating of “Hold” and a consensus price target of $18.17.

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STMicroelectronics Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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