STMicroelectronics N.V. $STM Shares Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC boosted its holdings in STMicroelectronics N.V. (NYSE:STM) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 647,080 shares of the semiconductor producer’s stock after buying an additional 24,321 shares during the period. Penserra Capital Management LLC owned approximately 0.07% of STMicroelectronics worth $19,677,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ABC Arbitrage SA raised its stake in shares of STMicroelectronics by 55.1% in the 1st quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer’s stock valued at $2,105,000 after acquiring an additional 34,042 shares during the period. Foresight Global Investors Inc. acquired a new stake in STMicroelectronics in the 1st quarter valued at $11,154,000. BNP Paribas Financial Markets raised its position in STMicroelectronics by 59.9% in 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 period. Ridgewood Investments LLC lifted its stake in shares of STMicroelectronics by 325.1% during the first quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer’s stock worth $289,000 after purchasing an additional 10,075 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of STMicroelectronics by 40.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer’s stock worth $1,381,000 after buying an additional 18,030 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna raised their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. BNP Paribas Exane raised shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price objective for the company in a research 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 decreased their target price on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Finally, The Goldman Sachs Group set a $26.50 price target on shares of STMicroelectronics and gave the company a “neutral” rating in a report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.19.

STMicroelectronics Stock Down 0.5%

Shares of NYSE:STM opened at $23.52 on Friday. The firm has a market cap of $21.12 billion, a PE ratio of 40.54, a price-to-earnings-growth ratio of 4.59 and a beta of 1.67. The company has a fifty day simple moving average of $27.10 and a 200 day simple moving average of $27.19. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47.

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

About STMicroelectronics

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.