STMicroelectronics (NYSE:STM) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. decreased its position in STMicroelectronics (NYSE:STM - Free Report) by 22.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,458 shares of the semiconductor producer's stock after selling 32,288 shares during the quarter. QRG Capital Management Inc.'s holdings in STMicroelectronics were worth $4,819,000 at the end of the most recent reporting period.Get STMicroelectronics alerts:Marvell Technology Data Center Revenues Surge, But the Rest FallSeveral other institutional investors have also modified their holdings of the company. Mather Group LLC. acquired a new position in STMicroelectronics in the first quarter worth approximately $28,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of STMicroelectronics during the 4th quarter worth $40,000. GAMMA Investing LLC acquired a new position in shares of STMicroelectronics in the 4th quarter worth $48,000. Headlands Technologies LLC grew its holdings in shares of STMicroelectronics by 74.9% in the 4th quarter. Headlands Technologies LLC now owns 1,221 shares of the semiconductor producer's stock worth $61,000 after acquiring an additional 523 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of STMicroelectronics during the fourth quarter worth $70,000. Institutional investors and hedge funds own 5.05% of the company's stock. STMicroelectronics Stock Down 1.5 %NYSE STM traded down $0.62 during trading on Wednesday, reaching $42.10. The company's stock had a trading volume of 686,048 shares, compared to its average volume of 3,389,318. The company has a current ratio of 3.34, a quick ratio of 2.58 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $38.03 billion, a PE ratio of 10.95, a PEG ratio of 3.96 and a beta of 1.59. STMicroelectronics has a 1-year low of $37.21 and a 1-year high of $55.85. The business has a 50-day moving average price of $41.88 and a 200-day moving average price of $43.21. Active Rebound: 2 Discrete Semiconductor Stocks Making MovesSTMicroelectronics (NYSE:STM - Get Free Report) 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). STMicroelectronics had a return on equity of 22.95% and a net margin of 22.30%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company's revenue for the quarter was down 18.4% on a year-over-year basis. On average, research analysts forecast that STMicroelectronics will post 2.13 earnings per share for the current fiscal year. Analysts Set New Price TargetsA number of equities analysts recently weighed in on STM shares. StockNews.com raised STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, June 12th. William Blair restated a "market perform" rating on shares of STMicroelectronics in a research report on Friday, April 26th. Susquehanna reiterated a "positive" rating and set a $55.00 price objective on shares of STMicroelectronics in a research report on Monday, April 8th. Berenberg Bank upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group upgraded STMicroelectronics from a "sell" rating to a "neutral" rating and lifted their price target for the company from $35.50 to $45.80 in a report on Tuesday, June 18th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.76.Alpha and Omega Semiconductor ready to bounce, DOJ cloud liftsRead Our Latest Stock Report on STMicroelectronicsSTMicroelectronics Company Profile (Free Report)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.Further ReadingFive stocks we like better than STMicroelectronicsHow to Use the MarketBeat Excel Dividend CalculatorReal Estate Stock Signals a Boom in Manufacturing ActivityESG Stocks, What Investors Should KnowThis Medical Giant's Stock Rebounds: A 15% Upside Is the MinimumWhat is the Shanghai Stock Exchange Composite Index?Financial Giant's Shares Soar on EPS Beat and Record Asset LevelsWant to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics (NYSE:STM - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Human testing is the last step before this company goes big (From InvestorPlace) (Ad)Should you invest $1,000 in STMicroelectronics right now?Before you consider STMicroelectronics, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STMicroelectronics wasn't on the list.While STMicroelectronics currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here