Inspire Advisors LLC Boosts Stake in STMicroelectronics (NYSE:STM)

Inspire Advisors LLC grew its stake in STMicroelectronics (NYSE:STM) by 30.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,529 shares of the semiconductor producer’s stock after purchasing an additional 4,769 shares during the quarter. Inspire Advisors LLC’s holdings in STMicroelectronics were worth $513,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp acquired a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $30,000. GAMMA Investing LLC raised its stake in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 921 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Price Performance

NYSE STM opened at $24.97 on Wednesday. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $48.65. 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 stock has a market cap of $22.56 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a 50-day moving average price of $24.75 and a two-hundred day moving average price of $26.41.

STMicroelectronics (NYSE:STM) last posted 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 net margin of 11.74% and a return on equity of 8.92%. Analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STM. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. TD Cowen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.