STMicroelectronics (NYSE:STM) Position Lessened by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of STMicroelectronics (NYSE:STM) by 59.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,441 shares of the semiconductor producer’s stock after selling 169,919 shares during the quarter. Natixis Advisors LLC’s holdings in STMicroelectronics were worth $3,432,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in STM. Archer Investment Corp bought a new position in STMicroelectronics in the 3rd quarter worth about $30,000. Waldron Private Wealth LLC bought a new stake in STMicroelectronics during the 3rd quarter valued at $34,000. Whittier Trust Co. of Nevada Inc. boosted its position in STMicroelectronics by 144.2% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock worth $49,000 after acquiring an additional 734 shares during the period. Ridgewood Investments LLC bought a new position in shares of STMicroelectronics in the second quarter worth $51,000. Finally, Denver PWM LLC bought a new stake in shares of STMicroelectronics during the second quarter valued at about $72,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 0.2 %

Shares of NYSE:STM opened at $24.48 on Friday. STMicroelectronics has a 1 year low of $23.95 and a 1 year high of $51.27. The firm has a fifty day moving average price of $27.46 and a 200 day moving average price of $33.84. The company has a current ratio of 2.84, a quick ratio of 2.16 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $22.12 billion, a PE ratio of 10.07, a P/E/G ratio of 2.98 and a beta of 1.57.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the business earned $1.16 EPS. The firm’s revenue was down 26.6% compared to the same quarter last year. Analysts expect that STMicroelectronics will post 1.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Sanford C. Bernstein lowered their price objective on shares of STMicroelectronics from $54.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, September 19th. Citigroup raised shares of STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Craig Hallum reduced their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, Susquehanna reiterated a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.63.

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.