Marshall Wace LLP Boosts Stock Holdings in STMicroelectronics (NYSE:STM)

Marshall Wace LLP increased its stake in STMicroelectronics (NYSE:STM) by 110.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,611 shares of the semiconductor producer’s stock after acquiring an additional 171,541 shares during the period. Marshall Wace LLP’s holdings in STMicroelectronics were worth $8,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of STM. GAMMA Investing LLC boosted its stake in shares of STMicroelectronics by 81.4% in the 4th 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 period. PNC Financial Services Group Inc. lifted its stake in STMicroelectronics by 4.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,280 shares of the semiconductor producer’s stock worth $307,000 after acquiring an additional 539 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in STMicroelectronics by 16.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer’s stock worth $127,000 after acquiring an additional 700 shares in the last quarter. Crossmark Global Holdings Inc. increased its position 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 valued at $1,637,000 after purchasing an additional 749 shares during the last quarter. Finally, Callan Capital LLC raised its holdings in shares of STMicroelectronics by 11.9% in the 4th quarter. Callan Capital LLC now owns 8,572 shares of the semiconductor producer’s stock valued at $214,000 after purchasing an additional 913 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on STM. Susquehanna dropped their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. TD Cowen cut STMicroelectronics from a “buy” rating to a “hold” rating and decreased their target price for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Bank of America cut shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Stock Up 4.1 %

STM stock opened at $20.82 on Wednesday. STMicroelectronics has a 12 month low of $17.25 and a 12 month 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 company has a market cap of $18.70 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a fifty day moving average price of $23.17 and a 200 day moving average price of $24.80.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Sell-side analysts expect that STMicroelectronics will post 0.85 earnings per share 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.