Daiwa Securities Group Inc. increased its position in STMicroelectronics NV (NYSE:STM) by 8.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,074 shares of the semiconductor producer’s stock after acquiring an additional 2,536 shares during the period. Daiwa Securities Group Inc.’s holdings in STMicroelectronics were worth $639,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC acquired a new stake in shares of STMicroelectronics in the second quarter valued at $30,000. Arlington Partners LLC acquired a new stake in shares of STMicroelectronics in the second quarter valued at $34,000. Boston Partners acquired a new stake in shares of STMicroelectronics in the second quarter valued at $38,000. Parallel Advisors LLC lifted its holdings in shares of STMicroelectronics by 555.8% in the second quarter. Parallel Advisors LLC now owns 2,361 shares of the semiconductor producer’s stock valued at $42,000 after buying an additional 2,001 shares during the period. Finally, Whittier Trust Co. acquired a new stake in shares of STMicroelectronics in the third quarter valued at $49,000. Institutional investors and hedge funds own 3.36% of the company’s stock.

STM has been the subject of several research analyst reports. Deutsche Bank restated a “buy” rating and issued a $25.00 price objective on shares of STMicroelectronics in a report on Friday, October 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $20.00 target price on shares of STMicroelectronics in a report on Thursday, October 24th. Cowen upped their target price on STMicroelectronics from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Zacks Investment Research raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 30th. Finally, UBS Group reaffirmed a “neutral” rating and set a $16.50 target price on shares of STMicroelectronics in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. STMicroelectronics has a consensus rating of “Buy” and a consensus target price of $20.42.

Shares of NYSE STM opened at $24.03 on Thursday. STMicroelectronics NV has a 12 month low of $12.00 and a 12 month high of $24.32. The company has a market cap of $21.31 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 4.39 and a beta of 1.42. The company has a quick ratio of 2.04, a current ratio of 2.87 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $21.36 and a 200-day simple moving average of $18.50.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, October 24th. The semiconductor producer reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.48 billion. STMicroelectronics had a return on equity of 16.11% and a net margin of 11.20%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts expect that STMicroelectronics NV will post 1.08 EPS for the current fiscal year.

In other news, insider Ascough Graham 4,000,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st.

STMicroelectronics Company Profile

STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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