Brian Low Financial Group LLC Increases Position in STMicroelectronics N.V. $STM

Brian Low Financial Group LLC increased its holdings in STMicroelectronics N.V. (NYSE:STM) by 80.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,179 shares of the semiconductor producer’s stock after purchasing an additional 25,885 shares during the quarter. STMicroelectronics accounts for about 1.4% of Brian Low Financial Group LLC’s holdings, making the stock its 14th largest holding. Brian Low Financial Group LLC’s holdings in STMicroelectronics were worth $2,010,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares during the period. Abound Wealth Management acquired a new position in shares of STMicroelectronics during the 4th quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in shares of STMicroelectronics during the 3rd quarter valued at approximately $52,000. Brown Brothers Harriman & Co. lifted its position in shares of STMicroelectronics by 350.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock valued at $70,000 after buying an additional 2,085 shares in the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in STMicroelectronics in the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Down 1.1%

Shares of STM opened at $71.65 on Thursday. The stock has a 50 day moving average price of $63.41 and a 200 day moving average price of $42.20. STMicroelectronics N.V. has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31. The stock has a market capitalization of $64.35 billion, a price-to-earnings ratio of 447.83 and a beta of 1.94.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data 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 company had revenue of $3.10 billion for the quarter. Equities research analysts forecast that STMicroelectronics N.V. will post 1.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STM has been the subject of several recent analyst reports. UBS Group set a $100.00 price target on shares of STMicroelectronics in a report on Wednesday, June 10th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Mizuho lifted their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and a consensus target price of $64.39.

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.