16,908 Shares in STMicroelectronics NV (STM) Purchased by Cetera Advisor Networks LLC

Cetera Advisor Networks LLC acquired a new position in STMicroelectronics NV (NYSE:STM) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 16,908 shares of the semiconductor producer’s stock, valued at approximately $249,000.

Several other institutional investors have also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new position in shares of STMicroelectronics in the 4th quarter worth approximately $10,668,000. Two Sigma Investments LP purchased a new stake in STMicroelectronics during the 4th quarter worth approximately $7,919,000. Northern Trust Corp grew its position in STMicroelectronics by 10.1% during the 4th quarter. Northern Trust Corp now owns 411,936 shares of the semiconductor producer’s stock worth $5,718,000 after purchasing an additional 37,662 shares during the last quarter. Henry James International Management Inc. grew its position in 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 purchasing an additional 113,099 shares during the last quarter. Finally, Voloridge Investment Management LLC grew its position in STMicroelectronics by 623.2% during the 4th quarter. Voloridge Investment Management LLC now owns 232,150 shares of the semiconductor producer’s stock worth $3,222,000 after purchasing an additional 200,050 shares during the last quarter. 3.56% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:STM opened at $15.24 on Friday. 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 twelve month low of $12.00 and a twelve month high of $26.43. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 3.10 and a beta of 1.16.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, April 24th. The semiconductor producer reported $0.20 EPS 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 business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that STMicroelectronics NV will post 1.06 earnings per share for the current year.

STM has been the topic of several research analyst reports. Zacks Investment Research raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Saturday, April 27th. ValuEngine raised shares of STMicroelectronics from a “sell” rating to a “hold” rating in a research report on Tuesday, April 2nd. UBS Group reissued a “hold” rating and set a $14.00 target price on shares of STMicroelectronics in a research report on Wednesday, April 10th. Cowen initiated coverage on shares of STMicroelectronics in a research report on Friday, February 22nd. They set an “outperform” rating and a $21.00 target price on the stock. Finally, Credit Suisse Group reissued a “buy” rating and set a $19.00 target price on shares of STMicroelectronics in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.17.

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About STMicroelectronics

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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