Atlas Capital Advisors LLC Has $469,000 Stock Position in STMicroelectronics (NYSE:STM)

Atlas Capital Advisors LLC lowered its stake in STMicroelectronics (NYSE:STM) by 16.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,849 shares of the semiconductor producer’s stock after selling 2,081 shares during the quarter. Atlas Capital Advisors LLC’s holdings in STMicroelectronics were worth $469,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of STMicroelectronics by 13.7% in the fourth quarter. Van ECK Associates Corp now owns 3,735,524 shares of the semiconductor producer’s stock valued at $187,262,000 after acquiring an additional 448,978 shares during the last quarter. Capital International Investors increased its position in shares of STMicroelectronics by 6.0% in the fourth quarter. Capital International Investors now owns 3,058,401 shares of the semiconductor producer’s stock valued at $153,593,000 after acquiring an additional 172,399 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of STMicroelectronics by 5.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,369,273 shares of the semiconductor producer’s stock valued at $118,772,000 after acquiring an additional 120,399 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of STMicroelectronics by 8.7% in the fourth quarter. Rafferty Asset Management LLC now owns 1,615,616 shares of the semiconductor producer’s stock valued at $80,991,000 after acquiring an additional 129,772 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of STMicroelectronics by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 769,433 shares of the semiconductor producer’s stock valued at $38,572,000 after acquiring an additional 109,477 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of NYSE:STM traded down $0.06 during trading on Tuesday, reaching $40.10. 3,247,722 shares of the stock were exchanged, compared to its average volume of 3,475,486. STMicroelectronics has a 12 month low of $37.21 and a 12 month high of $55.85. The firm has a market cap of $36.20 billion, a PE ratio of 10.27, a PEG ratio of 3.83 and a beta of 1.62. The stock has a 50-day moving average price of $41.59 and a 200-day moving average price of $44.18. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.17.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, April 25th. The semiconductor producer reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.05). The firm had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.61 billion. STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The company’s revenue was down 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. Research analysts expect that STMicroelectronics will post 2.13 EPS for the current fiscal year.

Analysts Set New Price Targets

STM has been the subject of a number of research analyst reports. William Blair reiterated a “market perform” rating on shares of STMicroelectronics in a report on Friday, April 26th. Susquehanna reiterated a “positive” rating and set a $55.00 price target on shares of STMicroelectronics in a report on Monday, April 8th. The Goldman Sachs Group upgraded STMicroelectronics from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $35.50 to $45.80 in a report on Tuesday, June 18th. StockNews.com upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, June 12th. Finally, Berenberg Bank upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.76.

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.