Northwestern Mutual Wealth Management Co. lessened its position in shares of STMicroelectronics N.V. (NYSE:STM – Free Report) by 25.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,970 shares of the semiconductor producer’s stock after selling 2,032 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in STMicroelectronics were worth $131,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in STM. Invesco Ltd. increased its holdings in STMicroelectronics by 188.1% during the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer’s stock worth $111,860,000 after purchasing an additional 3,325,998 shares in the last quarter. Voloridge Investment Management LLC grew its holdings in shares of STMicroelectronics by 39.2% in the 4th quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer’s stock valued at $83,165,000 after acquiring an additional 938,097 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of STMicroelectronics by 19.4% in the 4th quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer’s stock valued at $111,750,000 after acquiring an additional 725,684 shares in the last quarter. Foresight Global Investors Inc. bought a new position in shares of STMicroelectronics in the 1st quarter valued at about $11,154,000. Finally, Two Sigma Advisers LP grew its holdings in shares of STMicroelectronics by 35.1% in the 4th quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer’s stock valued at $47,111,000 after acquiring an additional 490,000 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.
STMicroelectronics Trading Up 1.4%
STMicroelectronics stock opened at $26.82 on Friday. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $33.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The stock has a market capitalization of $24.09 billion, a P/E ratio of 38.87, a PEG ratio of 4.16 and a beta of 1.62. The stock has a 50-day simple moving average of $28.25 and a 200 day simple moving average of $25.91.
Analyst Ratings Changes
STM has been the subject of several analyst reports. Robert W. Baird upgraded STMicroelectronics from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $23.00 to $50.00 in a report on Tuesday, July 22nd. Oddo Bhf upgraded STMicroelectronics to an “outperform” rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a report on Friday, July 25th. Baird R W upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 22nd. Finally, BNP Paribas upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Thursday. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.06.
Check Out Our Latest Research Report on STMicroelectronics
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.
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