O Shaughnessy Asset Management LLC Sells 20,231 Shares of STMicroelectronics (NYSE:STM)

O Shaughnessy Asset Management LLC trimmed its position in shares of STMicroelectronics (NYSE:STM) by 63.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,409 shares of the semiconductor producer’s stock after selling 20,231 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in STMicroelectronics were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STM. Arrowstreet Capital Limited Partnership raised its stake in shares of STMicroelectronics by 576.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,920,774 shares of the semiconductor producer’s stock valued at $47,962,000 after purchasing an additional 1,636,707 shares during the period. JPMorgan Chase & Co. raised its position in STMicroelectronics by 131.5% in the 4th quarter. JPMorgan Chase & Co. now owns 3,413,356 shares of the semiconductor producer’s stock valued at $85,232,000 after buying an additional 1,939,088 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of STMicroelectronics by 50.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 104,209 shares of the semiconductor producer’s stock valued at $2,544,000 after buying an additional 34,723 shares in the last quarter. LPL Financial LLC increased its holdings in STMicroelectronics by 7.9% during the fourth quarter. LPL Financial LLC now owns 119,930 shares of the semiconductor producer’s stock worth $2,995,000 after buying an additional 8,763 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in STMicroelectronics by 982.0% in the fourth quarter. Sei Investments Co. now owns 262,088 shares of the semiconductor producer’s stock valued at $6,543,000 after acquiring an additional 237,865 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Performance

NYSE STM opened at $20.49 on Friday. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12-month low of $17.25 and a 12-month high of $45.39. The firm has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $25.23. The company has a market capitalization of $18.40 billion, a P/E ratio of 12.34, a P/E/G ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. Analysts anticipate that STMicroelectronics will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barclays downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. TD Cowen cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Susquehanna decreased their price objective on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a report on Friday, January 31st. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.26.

STMicroelectronics Company 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.