Evergreen Capital Management LLC Raises Stake in STMicroelectronics N.V. $STM

Evergreen Capital Management LLC raised its stake in STMicroelectronics N.V. (NYSE:STM) by 305.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,477 shares of the semiconductor producer’s stock after buying an additional 50,065 shares during the quarter. Evergreen Capital Management LLC’s holdings in STMicroelectronics were worth $1,724,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Abound Wealth Management purchased a new stake in STMicroelectronics in the 4th quarter valued at $26,000. Peterson Wealth Services grew its holdings in STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 1,142 shares in the last quarter. Advisory Services Network LLC purchased a new stake in STMicroelectronics in the 3rd quarter valued at $52,000. Rakuten Securities Inc. grew its holdings in STMicroelectronics by 132.7% in the 2nd quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock valued at $89,000 after buying an additional 1,663 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in STMicroelectronics by 45.4% in the third quarter. Farther Finance Advisors LLC now owns 2,930 shares of the semiconductor producer’s stock worth $83,000 after acquiring an additional 915 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

NYSE:STM opened at $44.81 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.43 and a current ratio of 3.36. The stock has a market capitalization of $40.25 billion, a P/E ratio of 248.96 and a beta of 1.51. The company has a 50 day moving average price of $35.19 and a 200 day moving average price of $29.60. STMicroelectronics N.V. has a fifty-two week low of $21.11 and a fifty-two week high of $45.10.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. Equities research analysts forecast that STMicroelectronics N.V. will post 1.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on STM. Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Mizuho set a $48.00 price objective on STMicroelectronics and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Susquehanna increased their price objective on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Monday, February 23rd. Finally, Morgan Stanley upgraded STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $34.79.

About STMicroelectronics

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.