Candriam S.C.A. Acquires 13,999 Shares of STMicroelectronics N.V. $STM

Candriam S.C.A. raised its holdings in STMicroelectronics N.V. (NYSE:STM) by 18.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,810 shares of the semiconductor producer’s stock after purchasing an additional 13,999 shares during the quarter. Candriam S.C.A.’s holdings in STMicroelectronics were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Maxi Investments CY Ltd bought a new stake in shares of STMicroelectronics in the fourth quarter worth approximately $2,335,000. M&T Bank Corp lifted its position in STMicroelectronics by 243.1% during the fourth quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock valued at $864,000 after purchasing an additional 23,593 shares during the period. Diversified Management Inc. bought a new position in STMicroelectronics during the fourth quarter valued at approximately $648,000. Evergreen Capital Management LLC boosted its holdings in STMicroelectronics by 305.1% in the fourth quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock worth $1,724,000 after purchasing an additional 50,065 shares during the last quarter. Finally, Altfest L J & Co. Inc. purchased a new stake in STMicroelectronics in the fourth quarter worth approximately $545,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research report on Friday, April 24th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Wednesday, June 10th. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. Finally, UBS Group set a $100.00 price objective on STMicroelectronics in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $64.39.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $68.37 on Tuesday. The stock has a market cap of $61.41 billion, a PE ratio of 427.35 and a beta of 1.93. STMicroelectronics N.V. has a 1 year low of $21.11 and a 1 year high of $81.42. The firm has a fifty day moving average price of $69.65 and a 200-day moving average price of $46.31. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34.

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