Global Retirement Partners LLC raised its holdings in STMicroelectronics (NYSE:STM – Free Report) by 1,013.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,615 shares of the semiconductor producer’s stock after purchasing an additional 1,470 shares during the quarter. Global Retirement Partners LLC’s holdings in STMicroelectronics were worth $69,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp raised its position in STMicroelectronics by 4.3% in the 4th quarter. Van ECK Associates Corp now owns 4,411,591 shares of the semiconductor producer’s stock valued at $156,921,000 after purchasing an additional 180,783 shares during the last quarter. BlackRock Inc. increased its stake in shares of STMicroelectronics by 9.9% in the 1st quarter. BlackRock Inc. now owns 3,530,155 shares of the semiconductor producer’s stock valued at $152,573,000 after buying an additional 318,347 shares during the period. Capital International Investors increased its stake in shares of STMicroelectronics by 3.0% in the 1st quarter. Capital International Investors now owns 2,857,566 shares of the semiconductor producer’s stock valued at $128,133,000 after buying an additional 83,859 shares during the period. Point72 Asset Management L.P. increased its stake in shares of STMicroelectronics by 63.6% in the 4th quarter. Point72 Asset Management L.P. now owns 2,449,870 shares of the semiconductor producer’s stock valued at $87,142,000 after buying an additional 952,720 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at $44,110,000. Institutional investors own 6.62% of the company’s stock.
Wall Street Analyst Weigh In
STM has been the subject of several research reports. Jefferies Financial Group raised STMicroelectronics from an “underperform” rating to a “hold” rating in a research note on Wednesday, July 12th. TD Cowen lifted their target price on STMicroelectronics from $56.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. StockNews.com cut STMicroelectronics from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Susquehanna lowered their target price on STMicroelectronics from 55.00 to 54.00 in a research note on Sunday, May 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.38.
STMicroelectronics Stock Performance
STM opened at $47.22 on Monday. STMicroelectronics has a 52-week low of $29.09 and a 52-week high of $55.85. The firm has a market capitalization of $42.89 billion, a PE ratio of 10.18, a PEG ratio of 2.20 and a beta of 1.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.92 and a current ratio of 2.67. The business’s 50-day simple moving average is $49.71 and its 200 day simple moving average is $48.18.
STMicroelectronics (NYSE:STM – Get Free Report) last released its earnings results on Thursday, July 27th. The semiconductor producer reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.04). STMicroelectronics had a return on equity of 33.67% and a net margin of 25.36%. The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.37 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that STMicroelectronics will post 4.29 earnings per share for the current fiscal year.
STMicroelectronics Company Profile
STMicroelectronics NV engages in the design, development, manufacture, and marketing of components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications. It operates through the following segments: Automotive and Discrete Group, Analog, MEMS and Sensors Group, and Microcontrollers and Digital ICs Group.
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