Northwestern Mutual Wealth Management Co. Purchases 85,148 Shares of STMicroelectronics N.V. $STM

Northwestern Mutual Wealth Management Co. lifted its position in STMicroelectronics N.V. (NYSE:STM) by 1,555.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,621 shares of the semiconductor producer’s stock after acquiring an additional 85,148 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in STMicroelectronics were worth $2,351,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Abound Wealth Management bought a new stake in shares of STMicroelectronics in the fourth quarter valued at about $26,000. Peterson Wealth Services raised its holdings in shares of STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of STMicroelectronics in the third quarter valued at about $52,000. Rakuten Securities Inc. raised its holdings in shares of STMicroelectronics by 132.7% in the second quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock valued at $89,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Kelleher Financial Advisors purchased a new position in STMicroelectronics in the third quarter valued at about $106,000. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on STM. Mizuho lifted their target price on STMicroelectronics from $56.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, May 19th. Susquehanna lifted their target price on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Monday, February 23rd. Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, May 8th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, April 23rd. Finally, Robert W. Baird set a $90.00 target price on STMicroelectronics in a research note on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $51.93.

STMicroelectronics Stock Performance

STM opened at $70.81 on Wednesday. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $71.07. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The company has a market cap of $63.60 billion, a P/E ratio of 442.59 and a beta of 1.89. The firm’s 50-day moving average price is $46.56 and its 200-day moving average price is $34.61.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The firm had revenue of $3.10 billion for the quarter. As a group, equities analysts anticipate that STMicroelectronics N.V. will post 1.09 EPS for the current fiscal 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.