SG Americas Securities LLC Decreases Position in STMicroelectronics NV (STM)

SG Americas Securities LLC decreased its position in shares of STMicroelectronics NV (NYSE:STM) by 15.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,648 shares of the semiconductor producer’s stock after selling 15,196 shares during the period. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $1,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its stake in STMicroelectronics by 21.4% during the 4th quarter. Oppenheimer & Co. Inc. now owns 44,431 shares of the semiconductor producer’s stock worth $970,000 after acquiring an additional 7,831 shares in the last quarter. Investors Research Corp acquired a new position in STMicroelectronics during the 4th quarter worth about $261,000. Wells Fargo & Company MN lifted its stake in STMicroelectronics by 1.7% during the 4th quarter. Wells Fargo & Company MN now owns 337,733 shares of the semiconductor producer’s stock worth $7,377,000 after acquiring an additional 5,752 shares in the last quarter. HBK Investments L P acquired a new position in STMicroelectronics during the 4th quarter worth about $1,197,000. Finally, Aperio Group LLC lifted its stake in STMicroelectronics by 8.4% during the 4th quarter. Aperio Group LLC now owns 387,471 shares of the semiconductor producer’s stock worth $8,462,000 after acquiring an additional 30,137 shares in the last quarter. 4.49% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on STM. Vetr lowered STMicroelectronics from a “strong-buy” rating to a “buy” rating and set a $27.76 target price on the stock. in a research note on Friday, January 19th. Zacks Investment Research lowered STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Stifel Nicolaus lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Craig Hallum reissued a “buy” rating and set a $30.00 target price (up previously from $26.00) on shares of STMicroelectronics in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $24.24.

STM stock opened at $23.92 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 24.41, a P/E/G ratio of 3.62 and a beta of 0.79. STMicroelectronics NV has a 1 year low of $23.67 and a 1 year high of $24.26.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Wednesday, April 25th. The semiconductor producer reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.20 billion. STMicroelectronics had a return on equity of 19.45% and a net margin of 10.67%. During the same quarter last year, the company earned $0.12 EPS. equities analysts forecast that STMicroelectronics NV will post 1.34 EPS for the current fiscal year.

STMicroelectronics Profile

STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company’s segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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