Rakuten Securities Inc. Has $44,000 Stock Position in STMicroelectronics (NYSE:STM)

Rakuten Securities Inc. lifted its holdings in shares of STMicroelectronics (NYSE:STM) by 197.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,779 shares of the semiconductor producer’s stock after purchasing an additional 1,180 shares during the quarter. Rakuten Securities Inc.’s holdings in STMicroelectronics were worth $44,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of STM. Truvestments Capital LLC acquired a new position in shares of STMicroelectronics during the 3rd quarter worth $25,000. Archer Investment Corp acquired a new position in STMicroelectronics in the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its stake in 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 buying an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics in the 4th quarter valued at $31,000. Finally, Smartleaf Asset Management LLC grew its stake in 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 during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

STM has been the topic of a number of research analyst reports. Susquehanna lowered their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Bank of America lowered shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $33.00 to $26.00 in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.26.

STMicroelectronics Trading Down 1.1 %

Shares of STM stock opened at $24.64 on Thursday. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $48.42. The company has a market capitalization of $22.26 billion, a P/E ratio of 14.84, a P/E/G ratio of 1.16 and a beta of 1.56. The firm has a 50-day moving average price of $24.74 and a 200 day moving average price of $26.40. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. Research analysts forecast that STMicroelectronics will post 0.85 earnings per share 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.