20,852 Shares in STMicroelectronics N.V. $STM Bought by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM) in the third quarter, Holdings Channel.com reports. The fund purchased 20,852 shares of the semiconductor producer’s stock, valued at approximately $1,113,000.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in STMicroelectronics by 12.2% in the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock valued at $273,211,000 after buying an additional 1,145,426 shares in the last quarter. Situational Awareness LP bought a new position in STMicroelectronics during the second quarter worth $584,344,000. Brandes Investment Partners LP raised its position in shares of STMicroelectronics by 20.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,566,965 shares of the semiconductor producer’s stock worth $40,647,000 after acquiring an additional 265,108 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in STMicroelectronics in the first quarter valued at approximately $19,132,000. Finally, Beaconlight Capital LLC acquired a new position in shares of STMicroelectronics during the 1st quarter valued at $13,284,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

Shares of STM traded up $3.74 during trading hours on Friday, reaching $57.24. 15,929,978 shares of the company’s stock traded hands, compared to its average volume of 10,156,044. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42. The firm’s 50 day simple moving average is $51.71 and its 200-day simple moving average is $55.71. The stock has a market cap of $51.41 billion, a PE ratio of 112.24 and a beta of 1.96. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16.

STMicroelectronics (NYSE:STM) last released its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%.The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. Equities analysts expect that STMicroelectronics N.V. will post 1.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on STM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of STMicroelectronics in a report on Friday, August 21st. Susquehanna upped their price objective on shares of STMicroelectronics from $60.00 to $75.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. UBS Group set a $100.00 price objective on STMicroelectronics in a research note on Wednesday, June 10th. Zacks Research lowered shares of STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, Mizuho lowered their price objective on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Seven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $76.17.

STMicroelectronics Profile

STMicroelectronics N.V. (NYSE: STM) is a global semiconductor company that designs, develops, manufactures and markets a broad range of electronic components and solutions. Its products support applications in automotive, industrial, personal electronics, communications infrastructure and other technology markets.

The company’s portfolio includes microcontrollers, microprocessors, analog and mixed-signal integrated circuits, power semiconductors, sensors, MEMS devices, connectivity products and embedded-processing solutions.