Quantitative Systematic Strategies LLC Makes New $1.14 Million Investment in STMicroelectronics NV (NYSE:STM)

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.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, July 25th. The semiconductor producer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). STMicroelectronics had a net margin of 11.94% and a return on equity of 17.59%. The business had revenue of $2.17 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the previous year, the business posted $0.29 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts predict that STMicroelectronics NV will post 1.02 earnings per share for the current fiscal year.

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 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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