American Century Companies Inc. Sells 168,874 Shares of STMicroelectronics N.V. $STM

American Century Companies Inc. cut its position in shares of STMicroelectronics N.V. (NYSE:STM) by 31.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 368,443 shares of the semiconductor producer’s stock after selling 168,874 shares during the quarter. American Century Companies Inc.’s holdings in STMicroelectronics were worth $11,204,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of STM. Acadian Asset Management LLC increased its position in shares of STMicroelectronics by 148.4% during the first quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer’s stock valued at $124,055,000 after acquiring an additional 3,375,428 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of STMicroelectronics by 188.1% in the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer’s stock worth $111,860,000 after buying an additional 3,325,998 shares during the last quarter. Analog Century Management LP bought a new position in STMicroelectronics during the first quarter valued at about $34,912,000. Junto Capital Management LP purchased a new stake in STMicroelectronics during the first quarter worth about $30,565,000. Finally, BNP Paribas Financial Markets grew its position in shares of STMicroelectronics by 59.9% during the 1st quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer’s stock valued at $53,825,000 after acquiring an additional 918,263 shares during the period. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Performance

NYSE STM opened at $25.62 on Friday. The company’s 50 day simple moving average is $25.62 and its two-hundred day simple moving average is $27.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $33.47. The stock has a market capitalization of $23.01 billion, a PE ratio of 44.17, a P/E/G ratio of 4.80 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The firm had revenue of $3.19 billion during the quarter. Analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Mizuho began coverage on shares of STMicroelectronics in a report on Tuesday, November 25th. They issued a “neutral” rating and a $22.00 price target on the stock. TD Cowen reduced their price objective on STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a report on Friday, October 24th. BNP Paribas upgraded STMicroelectronics from a “hold” rating to an “outperform” rating in a research note on Thursday, September 4th. Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Finally, BNP Paribas Exane raised shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics has a consensus rating of “Hold” and a consensus target price of $30.44.

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.