Edmond DE Rothschild Holding S.A. Cuts Stock Holdings in STMicroelectronics (NYSE:STM)

Edmond DE Rothschild Holding S.A. cut its position in shares of STMicroelectronics (NYSE:STM) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,600 shares of the semiconductor producer’s stock after selling 500 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in STMicroelectronics were worth $40,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of STMicroelectronics by 131.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer’s stock worth $85,232,000 after acquiring an additional 1,939,088 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in STMicroelectronics by 576.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock worth $47,962,000 after purchasing an additional 1,636,707 shares in the last quarter. Two Sigma Advisers LP grew its holdings in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares during the period. Brandes Investment Partners LP purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at approximately $15,570,000. Finally, Sei Investments Co. raised its stake in shares of STMicroelectronics by 982.0% during the 4th quarter. Sei Investments Co. now owns 262,088 shares of the semiconductor producer’s stock worth $6,543,000 after buying an additional 237,865 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.6 %

Shares of STMicroelectronics stock opened at $21.92 on Thursday. STMicroelectronics has a fifty-two week low of $21.23 and a fifty-two week high of $45.39. 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 firm has a market capitalization of $19.69 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.16 and a beta of 1.56. The stock has a 50 day moving average of $24.34 and a 200 day moving average of $25.76.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and cut their target price for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Jefferies Financial Group raised STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.26.

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.