STMicroelectronics N.V. $STM Stock Sold by Robeco Schweiz AG

Robeco Schweiz AG lessened its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 5.2% during the third quarter, Holdings Channel.com reports. The firm owned 511,064 shares of the semiconductor producer’s stock after selling 27,816 shares during the period. Robeco Schweiz AG’s holdings in STMicroelectronics were worth $27,270,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in STM. Portus Wealth Advisors LLC bought a new stake in STMicroelectronics during the 1st quarter worth approximately $32,000. Continuum Advisory LLC purchased a new stake in shares of STMicroelectronics in the second quarter worth approximately $34,000. Anchor Investment Management LLC bought a new position in shares of STMicroelectronics in the second quarter valued at approximately $37,000. Public Employees Retirement System of Ohio bought a new position in shares of STMicroelectronics in the first quarter valued at approximately $45,000. Finally, MCF Advisors LLC bought a new position in shares of STMicroelectronics in the second quarter valued at approximately $57,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STM has been the subject of several recent research reports. Barclays set a $60.00 price target on STMicroelectronics in a report on Friday, July 24th. Mizuho dropped their price objective on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. TD Cowen cut their price objective on shares of STMicroelectronics from $55.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, October 19th. Wall Street Zen lowered shares of STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Finally, Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 2nd. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.17.

STMicroelectronics Trading Down 0.2%

Shares of STMicroelectronics stock opened at $43.99 on Friday. STMicroelectronics N.V. has a 1 year low of $21.11 and a 1 year high of $81.42. The firm has a market cap of $39.51 billion, a PE ratio of 86.26 and a beta of 1.96. The stock has a fifty day moving average price of $50.74 and a 200-day moving average price of $57.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. Equities research analysts anticipate that STMicroelectronics N.V. will post 1.30 EPS for the current year.

STMicroelectronics Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of integrated circuits and other semiconductor products. Its offerings support applications in automotive, industrial, personal electronics, communications equipment and computer systems.

The company’s product portfolio includes microcontrollers, analog and power semiconductors, sensors, microelectromechanical systems (MEMS), connectivity products and automotive chips.