Nia Impact Advisors LLC Lowers Holdings in STMicroelectronics (NYSE:STM)

Nia Impact Advisors LLC decreased its stake in shares of STMicroelectronics (NYSE:STM) by 72.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 27,260 shares of the semiconductor producer’s stock after selling 71,789 shares during the quarter. Nia Impact Advisors LLC’s holdings in STMicroelectronics were worth $681,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in STM. GAMMA Investing LLC raised its stake in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 531 shares during the last quarter. Grandview Asset Management LLC bought a new stake in shares of STMicroelectronics in the 4th quarter worth $696,000. J2 Capital Management Inc bought a new stake in shares of STMicroelectronics in the 4th quarter worth $295,000. Crossmark Global Holdings Inc. increased its holdings in shares of STMicroelectronics by 1.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer’s stock worth $1,637,000 after purchasing an additional 749 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of STMicroelectronics by 15.4% in the 4th quarter. Blue Trust Inc. now owns 11,159 shares of the semiconductor producer’s stock worth $279,000 after purchasing an additional 1,491 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM opened at $26.12 on Wednesday. The business has a fifty day moving average of $22.49 and a 200 day moving average of $24.33. STMicroelectronics has a one year low of $17.25 and a one year high of $45.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The firm has a market capitalization of $23.46 billion, a P/E ratio of 15.73, a PEG ratio of 1.16 and a beta of 1.53.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, April 24th. The semiconductor producer reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.55 billion. As a group, sell-side analysts anticipate that STMicroelectronics will post 0.85 EPS for the current year.

Analysts Set New Price Targets

STM has been the subject of a number of research analyst reports. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Friday, April 25th. Sanford C. Bernstein lowered STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. TD Cowen lifted their price objective on STMicroelectronics from $18.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, April 25th. Finally, Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, STMicroelectronics currently has a consensus rating of “Hold” and a consensus price target of $30.97.

STMicroelectronics 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.