Ardsley Advisory Partners LP Buys New Holdings in STMicroelectronics N.V. $STM

Ardsley Advisory Partners LP purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 130,000 shares of the semiconductor producer’s stock, valued at approximately $3,968,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STM. CWM LLC grew its holdings in shares of STMicroelectronics by 27.5% in the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after purchasing an additional 578 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in STMicroelectronics by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,930 shares of the semiconductor producer’s stock valued at $284,000 after buying an additional 650 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in STMicroelectronics by 5.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 13,041 shares of the semiconductor producer’s stock valued at $397,000 after buying an additional 697 shares during the period. Smartleaf Asset Management LLC grew its holdings in STMicroelectronics by 63.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock worth $48,000 after acquiring an additional 838 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in STMicroelectronics by 248.4% in the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after acquiring an additional 929 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Up 0.1%

Shares of NYSE:STM opened at $25.92 on Wednesday. The firm has a market capitalization of $23.28 billion, a P/E ratio of 44.69, a P/E/G ratio of 4.81 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22. The stock has a 50 day moving average price of $25.49 and a 200-day moving average price of $27.17. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47.

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

Wall Street Analyst Weigh In

STM has been the subject of a number of analyst reports. BNP Paribas upgraded shares of STMicroelectronics from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. TD Cowen dropped 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. Cowen reissued a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Finally, Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $30.44.

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.