STMicroelectronics (NYSE:STM) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its stake in STMicroelectronics (NYSE:STM) by 6.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 673,150 shares of the semiconductor producer’s stock after selling 50,005 shares during the quarter. Robeco Schweiz AG owned about 0.07% of STMicroelectronics worth $16,809,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates lifted its stake in shares of STMicroelectronics by 25.3% in the 3rd quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer’s stock worth $5,719,000 after acquiring an additional 38,874 shares during the period. International Assets Investment Management LLC acquired a new stake in STMicroelectronics in the third quarter worth approximately $4,158,000. Arkadios Wealth Advisors bought a new position in STMicroelectronics during the 3rd quarter valued at $239,000. Janney Montgomery Scott LLC boosted its stake in STMicroelectronics by 16.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 54,102 shares of the semiconductor producer’s stock valued at $1,608,000 after purchasing an additional 7,718 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of STMicroelectronics by 26.5% in the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after buying an additional 1,719,257 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on STM shares. Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Barclays cut STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. Finally, BNP Paribas initiated coverage on STMicroelectronics in a report on Tuesday, December 3rd. They set a “neutral” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Price Performance

Shares of STM opened at $26.18 on Thursday. 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 cap of $23.65 billion, a PE ratio of 15.77, a PEG ratio of 1.16 and a beta of 1.51. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $49.05. The firm’s 50 day moving average price is $24.78 and its 200 day moving average price is $26.79.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

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.