STMicroelectronics N.V. $STM Stock Position Lessened by Modera Wealth Management LLC

Modera Wealth Management LLC reduced its stake in shares of STMicroelectronics N.V. (NYSE:STMFree Report) by 7.3% during the first quarter, Holdings Channel.com reports. The firm owned 144,489 shares of the semiconductor producer’s stock after selling 11,301 shares during the period. Modera Wealth Management LLC’s holdings in STMicroelectronics were worth $4,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi acquired a new stake in shares of STMicroelectronics in the 1st quarter worth approximately $947,000. AQR Capital Management LLC raised its holdings in STMicroelectronics by 182.8% during the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock worth $705,000 after purchasing an additional 20,745 shares in the last quarter. Legal & General Group Plc acquired a new stake in STMicroelectronics in the second quarter worth approximately $119,000. M&T Bank Corp bought a new position in STMicroelectronics during the 2nd quarter valued at $303,000. Finally, EverSource Wealth Advisors LLC boosted its stake in STMicroelectronics by 79.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock valued at $148,000 after purchasing an additional 2,156 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on STM. Barclays raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Monday, June 29th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Zacks Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Thursday, April 23rd. Finally, UBS Group set a $100.00 price target on shares of STMicroelectronics in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

Read Our Latest Stock Report on STM

STMicroelectronics Stock Performance

STM stock opened at $62.20 on Friday. The firm has a 50 day simple moving average of $70.30 and a 200 day simple moving average of $47.28. STMicroelectronics N.V. has a 52 week low of $21.11 and a 52 week high of $81.42. The stock has a market cap of $55.87 billion, a P/E ratio of 388.81 and a beta of 1.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STMGet Free Report) last posted its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The business had revenue of $3.10 billion for the quarter. Research analysts anticipate that STMicroelectronics N.V. will post 1.25 earnings per share for the current fiscal year.

About STMicroelectronics

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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