SG Americas Securities LLC Purchases 112,610 Shares of STMicroelectronics N.V. $STM

SG Americas Securities LLC lifted its position in shares of STMicroelectronics N.V. (NYSE:STM) by 248.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,971 shares of the semiconductor producer’s stock after buying an additional 112,610 shares during the quarter. SG Americas Securities LLC’s holdings in STMicroelectronics were worth $5,458,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in STMicroelectronics by 12.2% in the 4th quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock worth $273,211,000 after purchasing an additional 1,145,426 shares in the last quarter. Morgan Stanley grew its position in shares of STMicroelectronics by 40.6% during the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after purchasing an additional 1,778,113 shares in the last quarter. Invesco Ltd. increased its holdings in shares of STMicroelectronics by 29.9% during the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock worth $134,887,000 after purchasing an additional 1,196,018 shares during the period. Bank of America Corp DE increased its holdings in shares of STMicroelectronics by 43.9% during the second quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock worth $132,240,000 after purchasing an additional 1,326,020 shares during the period. Finally, FIL Ltd raised its position in shares of STMicroelectronics by 5.0% in the fourth quarter. FIL Ltd now owns 3,107,386 shares of the semiconductor producer’s stock valued at $80,606,000 after buying an additional 146,676 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Wednesday, June 10th. Robert W. Baird set a $90.00 target price on STMicroelectronics in a report on Friday, April 24th. UBS Group set a $100.00 price target on STMicroelectronics in a research report on Wednesday, June 10th. Finally, Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, STMicroelectronics currently has an average rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Stock Down 0.1%

Shares of NYSE STM opened at $71.37 on Monday. 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 market cap of $64.11 billion, a price-to-earnings ratio of 446.12 and a beta of 1.94. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42. The stock has a 50-day moving average price of $64.70 and a two-hundred day moving average price of $42.86.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. As a group, analysts forecast that STMicroelectronics N.V. will post 1.17 earnings per share 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.