STMicroelectronics (NYSE:STM) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of STMicroelectronics (NYSE:STM) by 34.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,639 shares of the semiconductor producer’s stock after selling 2,986 shares during the quarter. Advisors Asset Management Inc.’s holdings in STMicroelectronics were worth $168,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of STM. Archer Investment Corp acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth approximately $30,000. Waldron Private Wealth LLC acquired a new stake in STMicroelectronics in the third quarter worth $34,000. Whittier Trust Co. of Nevada Inc. lifted its stake in STMicroelectronics by 144.2% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,243 shares of the semiconductor producer’s stock valued at $49,000 after buying an additional 734 shares during the last quarter. Ridgewood Investments LLC acquired a new position in shares of STMicroelectronics during the second quarter valued at $51,000. Finally, Tompkins Financial Corp bought a new position in shares of STMicroelectronics during the third quarter worth about $59,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Up 0.5 %

Shares of STM stock opened at $25.53 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The stock has a market cap of $23.06 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 3.09 and a beta of 1.57. The business’s fifty day moving average is $27.24 and its 200-day moving average is $33.47. STMicroelectronics has a 1 year low of $23.95 and a 1 year high of $51.27.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.04. STMicroelectronics had a return on equity of 13.29% and a net margin of 16.11%. The firm had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the previous year, the company earned $1.16 earnings per share. STMicroelectronics’s revenue was down 26.6% compared to the same quarter last year. Equities analysts expect that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on STM shares. Morgan Stanley downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Monday, November 4th. StockNews.com cut STMicroelectronics from a “buy” rating to a “hold” rating in a report on Thursday, September 19th. Citigroup raised STMicroelectronics to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird cut their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Susquehanna reissued a “positive” rating and issued a $33.00 price target on shares of STMicroelectronics in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.63.

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.