Lake Street Advisors Group LLC Makes New Investment in STMicroelectronics (NYSE:STM)

Lake Street Advisors Group LLC acquired a new position in shares of STMicroelectronics (NYSE:STM) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 11,314 shares of the semiconductor producer’s stock, valued at approximately $283,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in shares of STMicroelectronics during the third quarter worth $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics during the third quarter worth $30,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth $31,000. Finally, TD Private Client Wealth LLC lifted its holdings in shares of STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock worth $46,000 after buying an additional 809 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Up 1.0 %

Shares of NYSE STM opened at $24.71 on Friday. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.16 and a beta of 1.51. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $49.05. The stock has a 50-day moving average price of $24.78 and a two-hundred day moving average price of $26.75.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate 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, analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on STM. TD Cowen downgraded STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the stock from $32.00 to $25.00 in a report on Monday, January 13th. Bank of America downgraded STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. Robert W. Baird dropped their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Susquehanna dropped their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a report on Friday, January 31st. Finally, Sanford C. Bernstein downgraded 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. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.