Mitsubishi UFJ Asset Management Co. Ltd. Has $2.54 Million Position in STMicroelectronics (NYSE:STM)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of STMicroelectronics (NYSE:STM) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,209 shares of the semiconductor producer’s stock after purchasing an additional 34,723 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in STMicroelectronics were worth $2,544,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock worth $30,000 after purchasing an additional 531 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics during the 4th quarter worth about $31,000. Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 225.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares during the period. Rakuten Securities Inc. grew its stake in STMicroelectronics by 197.0% in the 4th quarter. Rakuten Securities Inc. now owns 1,779 shares of the semiconductor producer’s stock valued at $44,000 after buying an additional 1,180 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in STMicroelectronics by 108.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares during the period. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Trading Down 0.9 %

Shares of STM stock opened at $21.77 on Wednesday. STMicroelectronics has a fifty-two week low of $21.28 and a fifty-two week high of $45.39. The stock’s fifty day moving average price is $24.41 and its two-hundred day moving average price is $25.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a market cap of $19.55 billion, a PE ratio of 13.11, a P/E/G ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Equities analysts predict that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

STM has been the topic of several research reports. Bank of America downgraded STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Susquehanna lowered their price objective on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Friday, January 31st. Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Finally, Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $33.00 to $26.00 in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.26.

About STMicroelectronics

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.