Campbell & CO Investment Adviser LLC bought a new stake in STMicroelectronics NV (NYSE:STM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 7,900 shares of the semiconductor producer’s stock, valued at approximately $217,000.
A number of other large investors have also recently bought and sold shares of STM. NEXT Financial Group Inc boosted its holdings in STMicroelectronics by 454.2% in the 1st quarter. NEXT Financial Group Inc now owns 1,175 shares of the semiconductor producer’s stock valued at $25,000 after purchasing an additional 963 shares during the last quarter. Parkside Financial Bank & Trust acquired a new position in shares of STMicroelectronics in the 1st quarter worth approximately $25,000. Woodley Farra Manion Portfolio Management Inc. acquired a new position in shares of STMicroelectronics in the 1st quarter worth approximately $27,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $31,000. Finally, Harbor Investment Advisory LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $38,000. Institutional investors own 3.71% of the company’s stock.
Shares of STM opened at $27.94 on Friday. STMicroelectronics NV has a fifty-two week low of $14.67 and a fifty-two week high of $31.98. The firm’s 50 day moving average price is $27.92 and its 200 day moving average price is $26.05. The company has a quick ratio of 1.43, a current ratio of 2.09 and a debt-to-equity ratio of 0.16. The company has a market cap of $25.78 billion, a P/E ratio of 25.95, a PEG ratio of 6.70 and a beta of 1.46.
STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, July 23rd. The semiconductor producer reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. STMicroelectronics had a net margin of 10.14% and a return on equity of 13.98%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the firm posted $0.18 EPS. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts forecast that STMicroelectronics NV will post 0.85 earnings per share for the current year.
Several equities analysts have recently commented on STM shares. Bryan, Garnier & Co upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Monday, June 29th. Zacks Investment Research upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, July 25th. Goldman Sachs Group lowered shares of STMicroelectronics from a “neutral” rating to a “sell” rating in a report on Thursday, April 30th. UBS Group restated a “buy” rating on shares of STMicroelectronics in a report on Friday. Finally, Credit Suisse Group restated an “outperform” rating on shares of STMicroelectronics in a report on Friday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. STMicroelectronics has an average rating of “Buy” and a consensus price target of $32.49.
STMicroelectronics N.V., together with its subsidiaries, develops, manufactures, and markets semiconductor products worldwide. It operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments. The company offers a range of products, including discrete and standard commodity components, application-specific integrated circuits, full-custom and semi-custom devices, and application-specific standard products for analog, digital, and mixed-signal applications, as well as silicon chips and smartcards.
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