STMicroelectronics N.V. $STM Shares Sold by Brandes Investment Partners LP

Brandes Investment Partners LP reduced its holdings in STMicroelectronics N.V. (NYSE:STM) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,295 shares of the semiconductor producer’s stock after selling 144,630 shares during the quarter. Brandes Investment Partners LP owned 0.12% of STMicroelectronics worth $34,129,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in STM. Acadian Asset Management LLC increased its holdings in shares of STMicroelectronics by 148.4% in the first quarter. Acadian Asset Management LLC now owns 5,650,244 shares of the semiconductor producer’s stock valued at $124,055,000 after buying an additional 3,375,428 shares in the last quarter. Invesco Ltd. grew its holdings in shares of STMicroelectronics by 188.1% in the 1st 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 during the last quarter. Analog Century Management LP acquired a new stake in shares of STMicroelectronics during the first quarter worth $34,912,000. Junto Capital Management LP purchased a new stake in shares of STMicroelectronics during the first quarter valued at $30,565,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of STMicroelectronics by 59.9% during the first quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer’s stock valued at $53,825,000 after purchasing an additional 918,263 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Price Performance

NYSE STM opened at $23.18 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28. The firm has a market capitalization of $20.82 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 4.59 and a beta of 1.67. The company has a 50 day simple moving average of $25.83 and a 200-day simple moving average of $27.16. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The firm had revenue of $3.19 billion for the quarter. Equities research analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STM. Susquehanna lifted their price target on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 target price for the company in a report on Thursday, September 4th. Robert W. Baird set a $45.00 target price on shares of STMicroelectronics in a research report on Friday, October 24th. TD Cowen cut their price target on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Finally, Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. One equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.