Keybank National Association OH Invests $310,000 in STMicroelectronics N.V. $STM

Keybank National Association OH purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,984 shares of the semiconductor producer’s stock, valued at approximately $310,000.

Several other large investors have also recently modified their holdings of the stock. Inspire Investing LLC grew its position in STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after purchasing an additional 488 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in STMicroelectronics by 13.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock worth $115,000 after buying an additional 509 shares during the last quarter. Earnest Partners LLC lifted its stake in shares of STMicroelectronics by 3.2% in the fourth quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock worth $448,000 after buying an additional 534 shares in the last quarter. Vident Advisory LLC grew its holdings in shares of STMicroelectronics by 2.5% during the third quarter. Vident Advisory LLC now owns 23,196 shares of the semiconductor producer’s stock valued at $656,000 after buying an additional 573 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of STMicroelectronics by 16.5% during the third quarter. Allworth Financial LP now owns 4,817 shares of the semiconductor producer’s stock valued at $136,000 after buying an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on STM. Zacks Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. UBS Group set a $100.00 target price on STMicroelectronics in a report on Wednesday, June 10th. Mizuho boosted their price target on STMicroelectronics from $68.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Trading Up 0.1%

NYSE:STM opened at $71.45 on Friday. The company has a market cap of $64.17 billion, a PE ratio of 446.57 and a beta of 1.93. 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 company has a 50 day simple moving average of $69.39 and a two-hundred day simple moving average of $45.87. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42.

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

STMicroelectronics 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.