Caprock Group LLC Has $205,000 Stock Position in STMicroelectronics (NYSE:STM)

Caprock Group LLC lowered its stake in shares of STMicroelectronics (NYSE:STM) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,877 shares of the semiconductor producer’s stock after selling 555 shares during the quarter. Caprock Group LLC’s holdings in STMicroelectronics were worth $205,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of STMicroelectronics by 26.7% during the first quarter. Sei Investments Co. now owns 27,838 shares of the semiconductor producer’s stock valued at $1,204,000 after buying an additional 5,859 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in STMicroelectronics by 66.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,244 shares of the semiconductor producer’s stock worth $573,000 after purchasing an additional 5,266 shares during the period. Earnest Partners LLC boosted its stake in STMicroelectronics by 5.9% during the first quarter. Earnest Partners LLC now owns 11,834 shares of the semiconductor producer’s stock worth $512,000 after buying an additional 657 shares in the last quarter. Bayesian Capital Management LP acquired a new position in shares of STMicroelectronics in the 1st quarter valued at $265,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of STMicroelectronics in the 1st quarter valued at $235,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

STMicroelectronics stock opened at $24.48 on Monday. STMicroelectronics has a 52 week low of $23.95 and a 52 week high of $51.27. The firm has a market cap of $22.12 billion, a P/E ratio of 10.07, a P/E/G ratio of 2.98 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.16 and a current ratio of 2.84. The business’s fifty day moving average is $27.46 and its two-hundred day moving average is $33.80.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.04. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.27 billion. STMicroelectronics had a net margin of 16.11% and a return on equity of 13.29%. The firm’s quarterly revenue was down 26.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.16 EPS. Equities research analysts forecast that STMicroelectronics will post 1.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STM has been the topic of several recent research reports. Susquehanna reissued a “positive” rating and issued a $33.00 target price on shares of STMicroelectronics in a research note on Thursday. Craig Hallum lowered their price objective on STMicroelectronics from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Robert W. Baird dropped their target price on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Citigroup raised STMicroelectronics to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered STMicroelectronics from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, STMicroelectronics presently has an average rating of “Moderate Buy” and a consensus price target of $37.63.

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.