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.
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 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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