West Family Investments Inc. Takes $391,000 Position in STMicroelectronics N.V. $STM

West Family Investments Inc. purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) in the 2nd quarter, Holdings Channel reports. The fund purchased 12,871 shares of the semiconductor producer’s stock, valued at approximately $391,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in STM. Rothschild Investment LLC boosted its stake in STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of STMicroelectronics by 63.1% during the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock valued at $48,000 after purchasing an additional 838 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of STMicroelectronics during the second quarter valued at $57,000. IFP Advisors Inc boosted its position in shares of STMicroelectronics by 85.4% during the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock valued at $69,000 after buying an additional 1,045 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in STMicroelectronics by 396.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer’s stock worth $70,000 after buying an additional 2,553 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Price Performance

NYSE STM opened at $22.98 on Friday. 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 business’s fifty day moving average is $25.93 and its 200 day moving average is $27.18. The company has a market capitalization of $20.64 billion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 4.59 and a beta of 1.67. STMicroelectronics N.V. has a fifty-two week low of $17.25 and a fifty-two week high of $33.47.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. The firm 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%. Sell-side analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STM. BNP Paribas Exane raised STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 target price for the company in a research report on Thursday, September 4th. TD Cowen decreased their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a report on Friday, October 24th. Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Susquehanna lifted 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, Mizuho initiated coverage on shares of STMicroelectronics in a research note on Tuesday. They set a “neutral” rating and a $22.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $30.17.

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.