STMicroelectronics (NYSE:STM) Shares Bought by Keynote Financial Services LLC

Keynote Financial Services LLC raised its holdings in STMicroelectronics (NYSE:STM) by 16.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,648 shares of the semiconductor producer’s stock after buying an additional 2,788 shares during the period. Keynote Financial Services LLC’s holdings in STMicroelectronics were worth $491,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. US Bancorp DE grew its stake in STMicroelectronics by 54.9% during the 4th quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer’s stock worth $1,697,000 after purchasing an additional 24,096 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of STMicroelectronics during the fourth quarter worth about $260,000. Denali Advisors LLC acquired a new position in shares of STMicroelectronics during the fourth quarter worth about $348,000. Lake Street Advisors Group LLC purchased a new stake in shares of STMicroelectronics during the fourth quarter worth approximately $283,000. Finally, Shariaportfolio Inc. acquired a new stake in STMicroelectronics in the fourth quarter valued at approximately $1,584,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of STM opened at $24.71 on Friday. The company’s 50 day simple moving average is $24.78 and its 200-day simple moving average is $26.72. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $49.05. The firm has a market cap of $22.32 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts predict that STMicroelectronics will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on STM shares. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Sanford C. Bernstein downgraded STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $33.00 to $26.00 in a report on Wednesday, February 5th. Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Finally, Susquehanna cut their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, STMicroelectronics has a consensus rating of “Hold” and a consensus price target of $31.26.

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.