SG Americas Securities LLC lifted its position in shares of STMicroelectronics N.V. (NYSE:STM – Free Report) by 248.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 157,971 shares of the semiconductor producer’s stock after buying an additional 112,610 shares during the quarter. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $5,458,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted its position in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares during the period. Abound Wealth Management acquired a new position in STMicroelectronics in the 4th quarter valued at approximately $26,000. Advisory Services Network LLC bought a new position in shares of STMicroelectronics during the third quarter valued at $52,000. Brown Brothers Harriman & Co. raised its stake in shares of STMicroelectronics by 350.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock valued at $70,000 after acquiring an additional 2,085 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new position in shares of STMicroelectronics during the fourth quarter worth $74,000. Institutional investors own 5.05% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on STM shares. UBS Group set a $100.00 price objective on shares of STMicroelectronics in a research note on Wednesday, June 10th. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research report on Thursday, May 28th. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Mizuho raised their price objective on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. Eleven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics presently has an average rating of “Moderate Buy” and an average target price of $64.39.
STMicroelectronics Stock Performance
Shares of STM opened at $71.37 on Monday. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. The firm’s fifty day simple moving average is $64.70 and its two-hundred day simple moving average is $42.86. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42. The stock has a market capitalization of $64.11 billion, a P/E ratio of 446.12 and a beta of 1.94.
STMicroelectronics (NYSE:STM – Get Free Report) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. As a group, analysts predict that STMicroelectronics N.V. will post 1.17 EPS for the current year.
STMicroelectronics Company Profile
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.
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