Aigen Investment Management LP Has $1.95 Million Position in STMicroelectronics (NYSE:STM)

Aigen Investment Management LP lifted its position in STMicroelectronics (NYSE:STM) by 100.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 77,986 shares of the semiconductor producer’s stock after purchasing an additional 39,082 shares during the period. Aigen Investment Management LP’s holdings in STMicroelectronics were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of STM. Two Sigma Advisers LP lifted its holdings in shares of STMicroelectronics by 674.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer’s stock valued at $41,524,000 after purchasing an additional 1,216,300 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of STMicroelectronics by 174.3% in the third quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer’s stock valued at $2,886,000 after buying an additional 61,682 shares during the period. Stifel Financial Corp increased its position in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer’s stock worth $2,048,000 after acquiring an additional 493 shares in the last quarter. Moran Wealth Management LLC raised its holdings in shares of STMicroelectronics by 0.9% during the third quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer’s stock worth $2,039,000 after acquiring an additional 634 shares during the period. Finally, US Bancorp DE lifted its position in STMicroelectronics by 54.9% in the 4th quarter. US Bancorp DE now owns 67,969 shares of the semiconductor producer’s stock valued at $1,697,000 after acquiring an additional 24,096 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STM. Susquehanna dropped their price target on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Bank of America downgraded STMicroelectronics from a “buy” rating to a “neutral” rating in a research report on Thursday, February 6th. Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. Finally, BNP Paribas began coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.26.

STMicroelectronics Trading Down 1.5 %

STMicroelectronics stock opened at $23.86 on Wednesday. The stock has a 50-day simple moving average of $24.72 and a 200 day simple moving average of $26.61. The stock has a market capitalization of $21.56 billion, a P/E ratio of 14.38, a PEG ratio of 1.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. STMicroelectronics has a 52 week low of $21.36 and a 52 week high of $49.05.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating 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%. Analysts expect that STMicroelectronics will post 0.85 earnings per share for the current year.

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.