O Shaughnessy Asset Management LLC Has $285,000 Stake in STMicroelectronics (NYSE:STM)

O Shaughnessy Asset Management LLC lessened its stake in STMicroelectronics (NYSE:STM) by 63.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,409 shares of the semiconductor producer’s stock after selling 20,231 shares during the period. O Shaughnessy Asset Management LLC’s holdings in STMicroelectronics were worth $285,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in shares of STMicroelectronics in the 4th quarter valued at $468,000. Callan Family Office LLC acquired a new position in STMicroelectronics in the fourth quarter worth about $486,000. Raymond James Financial Inc. bought a new position in STMicroelectronics during the fourth quarter worth about $1,738,000. Schechter Investment Advisors LLC acquired a new stake in STMicroelectronics during the fourth quarter valued at approximately $758,000. Finally, Diversified Trust Co bought a new stake in shares of STMicroelectronics in the 4th quarter valued at approximately $583,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STM has been the topic of several recent analyst reports. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. TD Cowen lowered 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 report on Monday, January 13th. Susquehanna dropped their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a report on Friday, January 31st. Finally, Barclays downgraded STMicroelectronics from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, ten have assigned 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.com, the company currently has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Stock Performance

Shares of NYSE:STM opened at $20.49 on Friday. STMicroelectronics has a 1-year low of $17.25 and a 1-year high of $45.39. The business has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $25.23. 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 capitalization of $18.40 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, beating 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%. Equities analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.

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.