Charles Schwab Investment Management Inc. Buys 4,342 Shares of STMicroelectronics (NYSE:STM)

Charles Schwab Investment Management Inc. boosted its stake in STMicroelectronics (NYSE:STM) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,843 shares of the semiconductor producer’s stock after purchasing an additional 4,342 shares during the period. Charles Schwab Investment Management Inc.’s holdings in STMicroelectronics were worth $1,120,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STM. GAMMA Investing LLC increased its position in STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after purchasing an additional 531 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth $31,000. Smartleaf Asset Management LLC raised its stake in STMicroelectronics by 225.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 921 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after buying an additional 809 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in STMicroelectronics during the fourth quarter valued at $53,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna decreased their target price on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Barclays cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, STMicroelectronics presently has a consensus rating of “Hold” and an average price target of $31.26.

STMicroelectronics Price Performance

STM opened at $22.17 on Monday. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $19.91 billion, a P/E ratio of 13.35, a PEG ratio of 1.16 and a beta of 1.56. The stock has a 50-day moving average price of $24.56 and a 200-day moving average price of $25.88. STMicroelectronics has a 12-month low of $21.36 and a 12-month high of $45.39.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Equities analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal 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.