Saturna Capital Corp Has $225,000 Stake in STMicroelectronics (NYSE:STM)

Saturna Capital Corp lowered its stake in shares of STMicroelectronics (NYSE:STM) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000 shares of the semiconductor producer’s stock after selling 1,335 shares during the quarter. Saturna Capital Corp’s holdings in STMicroelectronics were worth $225,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of STMicroelectronics during the 3rd quarter valued at $25,000. Archer Investment Corp acquired a new position in STMicroelectronics in the third quarter valued at about $30,000. GAMMA Investing LLC lifted its position in 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 purchasing an additional 531 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in STMicroelectronics during the fourth quarter worth about $31,000. Finally, Smartleaf Asset Management LLC raised its position 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 buying an additional 921 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.3 %

Shares of NYSE STM opened at $24.97 on Wednesday. The stock has a market cap of $22.56 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a 52-week low of $21.36 and a 52-week high of $48.65. The firm 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 issued its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating 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, equities analysts forecast that STMicroelectronics will post 0.85 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Barclays lowered STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Susquehanna lowered their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. TD Cowen downgraded shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price target for the company from $32.00 to $25.00 in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.