Ardsley Advisory Partners LP Buys Shares of 130,000 STMicroelectronics N.V. $STM

Ardsley Advisory Partners LP bought a new stake in shares of STMicroelectronics N.V. (NYSE:STM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 130,000 shares of the semiconductor producer’s stock, valued at approximately $3,968,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC increased its position in STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after buying an additional 578 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of STMicroelectronics by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 12,930 shares of the semiconductor producer’s stock worth $284,000 after acquiring an additional 650 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of STMicroelectronics by 5.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 13,041 shares of the semiconductor producer’s stock valued at $397,000 after acquiring an additional 697 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of STMicroelectronics by 63.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock worth $48,000 after purchasing an additional 838 shares during the last quarter. Finally, Rothschild Investment LLC boosted its stake in STMicroelectronics by 248.4% in the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after purchasing an additional 929 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.1%

Shares of STM stock opened at $25.92 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47. The stock has a market capitalization of $23.28 billion, a P/E ratio of 44.69, a P/E/G ratio of 4.81 and a beta of 1.56. The firm’s 50 day moving average is $25.49 and its 200 day moving average is $27.17.

STMicroelectronics (NYSE:STM) last announced its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share for the quarter. The business had revenue of $3.19 billion during the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. Research analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Susquehanna raised their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Cowen reiterated a “hold” rating on shares of STMicroelectronics in a report on Friday, October 24th. Robert W. Baird set a $45.00 price target on shares of STMicroelectronics in a research report on Friday, October 24th. Mizuho assumed coverage on shares of STMicroelectronics in a report on Tuesday, November 25th. They issued a “neutral” rating and a $22.00 price objective for the company. Finally, TD Cowen cut their target price on STMicroelectronics from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $30.44.

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.