Callan Capital LLC Has $214,000 Stock Position in STMicroelectronics (NYSE:STM)

Callan Capital LLC increased its position in STMicroelectronics (NYSE:STM) by 11.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,572 shares of the semiconductor producer’s stock after purchasing an additional 913 shares during the quarter. Callan Capital LLC’s holdings in STMicroelectronics were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in STMicroelectronics by 26.5% in the third quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer’s stock worth $228,655,000 after acquiring an additional 1,719,257 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Raymond James & Associates lifted its holdings in shares of STMicroelectronics by 25.3% in the 3rd quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer’s stock worth $5,719,000 after purchasing an additional 38,874 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in STMicroelectronics in the 3rd quarter valued at $4,158,000. Finally, Quantbot Technologies LP increased its stake in STMicroelectronics by 174.3% during the 3rd quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer’s stock valued at $2,886,000 after purchasing an additional 61,682 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Barclays cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Bank of America lowered STMicroelectronics from a “buy” rating to a “neutral” rating in a report on Thursday, February 6th. TD Cowen lowered STMicroelectronics from a “buy” rating to a “hold” rating and dropped their target price for the company from $32.00 to $25.00 in a report on Monday, January 13th. Finally, Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and cut their target price for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.26.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock opened at $27.58 on Monday. The business’s fifty day simple moving average is $24.70 and its 200 day simple moving average is $26.83. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $49.05. The firm has a market capitalization of $24.91 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51.

STMicroelectronics (NYSE:STM) last released its earnings results 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%. As a group, analysts anticipate that STMicroelectronics will post 0.85 EPS for the current 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.