Quantbot Technologies LP Raises Stock Position in STMicroelectronics (NYSE:STM)

Quantbot Technologies LP boosted its position in STMicroelectronics (NYSE:STM) by 174.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,063 shares of the semiconductor producer’s stock after purchasing an additional 61,682 shares during the quarter. Quantbot Technologies LP’s holdings in STMicroelectronics were worth $2,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Bayesian Capital Management LP purchased a new stake in shares of STMicroelectronics in the first quarter worth $265,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of STMicroelectronics in the 1st quarter valued at about $235,000. Jane Street Group LLC boosted its position in shares of STMicroelectronics by 153.8% during the 1st quarter. Jane Street Group LLC now owns 178,483 shares of the semiconductor producer’s stock valued at $7,718,000 after acquiring an additional 108,152 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of STMicroelectronics by 12.4% during the first quarter. Tidal Investments LLC now owns 20,083 shares of the semiconductor producer’s stock worth $868,000 after purchasing an additional 2,214 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of STMicroelectronics by 340.9% in the first quarter. Cetera Investment Advisers now owns 45,285 shares of the semiconductor producer’s stock worth $1,958,000 after purchasing an additional 35,015 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

STM has been the subject of several research analyst reports. StockNews.com lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Robert W. Baird dropped their price objective on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Susquehanna reissued a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research note on Thursday, November 21st. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, Morgan Stanley lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.63.

STMicroelectronics Trading Down 0.7 %

NYSE STM opened at $25.40 on Thursday. The firm has a market cap of $22.94 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 3.13 and a beta of 1.57. STMicroelectronics has a 1-year low of $23.95 and a 1-year high of $51.27. The stock has a 50-day moving average of $27.36 and a 200-day moving average of $33.59. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.27 billion. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business’s quarterly revenue was down 26.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.16 EPS. As a group, sell-side analysts forecast that STMicroelectronics will post 1.64 EPS for the current year.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.