Forum Financial Management LP Makes New $672,000 Investment in STMicroelectronics N.V. $STM

Forum Financial Management LP acquired a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the third quarter, HoldingsChannel.com reports. The fund acquired 23,785 shares of the semiconductor producer’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STM. Calamos Advisors LLC acquired a new position in shares of STMicroelectronics in the 3rd quarter valued at $3,222,000. Greenland Capital Management LP bought a new stake in STMicroelectronics in the second quarter valued at about $4,375,000. West Family Investments Inc. acquired a new position in STMicroelectronics in the second quarter worth about $391,000. JPMorgan Chase & Co. lifted its stake in STMicroelectronics by 6.8% during the second quarter. JPMorgan Chase & Co. now owns 3,349,547 shares of the semiconductor producer’s stock worth $101,860,000 after purchasing an additional 212,499 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in STMicroelectronics during the second quarter valued at approximately $341,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STM has been the subject of several analyst reports. Robert W. Baird set a $45.00 target price on STMicroelectronics in a research report on Friday, October 24th. Weiss Ratings downgraded shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, October 8th. TD Cowen dropped their target price on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Mizuho set a $28.00 price target on shares of STMicroelectronics in a research report on Friday. Finally, Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.19.

STMicroelectronics Trading Down 1.7%

STM opened at $28.35 on Tuesday. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $33.47. The stock has a market capitalization of $25.47 billion, a PE ratio of 48.89, a PEG ratio of 3.59 and a beta of 1.56. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average price of $25.08 and a two-hundred day moving average price of $26.93.

STMicroelectronics (NYSE:STM) last announced its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. The company had revenue of $3.19 billion for the quarter. As a group, equities analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

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.