Quantitative Systematic Strategies LLC purchased a new position in shares of STMicroelectronics NV (NYSE:STM) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 64,474 shares of the semiconductor producer’s stock, valued at approximately $1,136,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC raised its holdings in STMicroelectronics by 28.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 20,209 shares of the semiconductor producer’s stock worth $300,000 after purchasing an additional 4,459 shares during the last quarter. Henry James International Management Inc. grew its position in shares of STMicroelectronics by 76.9% during the 1st quarter. Henry James International Management Inc. now owns 260,213 shares of the semiconductor producer’s stock worth $3,864,000 after buying an additional 113,099 shares during the period. Zweig DiMenna Associates LLC acquired a new stake in shares of STMicroelectronics during the 1st quarter worth approximately $1,856,000. Advisor Partners LLC acquired a new stake in shares of STMicroelectronics during the 1st quarter worth approximately $184,000. Finally, Penserra Capital Management LLC grew its position in shares of STMicroelectronics by 50.0% during the 1st quarter. Penserra Capital Management LLC now owns 3,327 shares of the semiconductor producer’s stock worth $49,000 after buying an additional 1,109 shares during the period. Hedge funds and other institutional investors own 3.39% of the company’s stock.
NYSE STM traded up $0.03 during mid-day trading on Tuesday, hitting $16.85. The company’s stock had a trading volume of 136,457 shares, compared to its average volume of 2,630,784. The firm’s 50 day moving average price is $17.81. STMicroelectronics NV has a twelve month low of $12.00 and a twelve month high of $22.34. The company has a quick ratio of 1.90, a current ratio of 2.77 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 11.80, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35.
Several analysts have recently commented on the stock. Credit Suisse Group reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Tuesday, July 2nd. Deutsche Bank reaffirmed a “buy” rating and set a $20.00 price objective on shares of STMicroelectronics in a research report on Friday, May 10th. Goldman Sachs Group reaffirmed a “hold” rating and set a $14.50 price objective on shares of STMicroelectronics in a research report on Thursday, April 25th. Kepler Capital Markets raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Zacks Investment Research downgraded shares of STMicroelectronics from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. STMicroelectronics presently has an average rating of “Hold” and a consensus price target of $17.59.
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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