Brandes Investment Partners LP Has $34.13 Million Holdings in STMicroelectronics N.V. $STM

Brandes Investment Partners LP cut its position in shares of STMicroelectronics N.V. (NYSE:STM) by 11.4% in the second quarter, Holdings Channel reports. The firm owned 1,122,295 shares of the semiconductor producer’s stock after selling 144,630 shares during the period. Brandes Investment Partners LP’s holdings in STMicroelectronics were worth $34,129,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Acadian Asset Management LLC increased its holdings in STMicroelectronics by 148.4% in the first quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer’s stock worth $124,055,000 after buying an additional 3,375,428 shares during the last quarter. Invesco Ltd. grew its position in STMicroelectronics by 188.1% in the first quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer’s stock worth $111,860,000 after acquiring an additional 3,325,998 shares in the last quarter. JPMorgan Chase & Co. grew its position in STMicroelectronics by 6.8% in the second quarter. JPMorgan Chase & Co. now owns 3,349,547 shares of the semiconductor producer’s stock worth $101,860,000 after acquiring an additional 212,499 shares in the last quarter. BNP Paribas Financial Markets increased its stake 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 worth $53,825,000 after purchasing an additional 918,263 shares during the last quarter. Finally, Analog Century Management LP bought a new position in shares of STMicroelectronics during the 1st quarter valued at $34,912,000. Institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STM shares. BNP Paribas upgraded shares of STMicroelectronics from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Weiss Ratings cut STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. BNP Paribas Exane raised STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price objective on the stock in a report on Thursday, September 4th. Barclays restated an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th. Finally, Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, STMicroelectronics has a consensus rating of “Hold” and a consensus price target of $30.17.

STMicroelectronics Trading Up 0.8%

STMicroelectronics stock opened at $23.18 on Tuesday. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $33.47. 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 firm has a market capitalization of $20.82 billion, a PE ratio of 39.96, a PEG ratio of 4.59 and a beta of 1.67. The business’s 50-day simple moving average is $25.83 and its 200-day simple moving average is $27.16.

STMicroelectronics (NYSE:STM) last released its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (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%. Equities research analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

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.