12,871 Shares in STMicroelectronics N.V. $STM Purchased by West Family Investments Inc.

West Family Investments Inc. purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,871 shares of the semiconductor producer’s stock, valued at approximately $391,000.

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

STMicroelectronics Price Performance

Shares of NYSE STM opened at $22.98 on Friday. The company has a 50 day simple moving average of $25.93 and a two-hundred day simple moving average of $27.18. STMicroelectronics N.V. has a fifty-two week low of $17.25 and a fifty-two week high of $33.47. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 4.59 and a beta of 1.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22.

STMicroelectronics (NYSE:STM) last posted 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%. Analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

Analysts Set New Price Targets

STM has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Thursday, September 4th. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Thursday, September 4th. Robert W. Baird set a $45.00 price objective on STMicroelectronics in a research report on Friday, October 24th. Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Finally, Susquehanna raised their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.17.

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.