Aaron Wealth Advisors LLC Invests $311,000 in STMicroelectronics N.V. $STM

Aaron Wealth Advisors LLC bought a new stake in shares of STMicroelectronics N.V. (NYSE:STM) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,987 shares of the semiconductor producer’s stock, valued at approximately $311,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of STMicroelectronics by 40.6% in the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after buying an additional 1,778,113 shares during the last quarter. Marshall Wace LLP purchased a new position in STMicroelectronics during the fourth quarter valued at $42,731,000. Invesco Ltd. boosted its holdings in STMicroelectronics by 67.1% in the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after acquiring an additional 1,608,029 shares in the last quarter. Defiance ETFs LLC bought a new stake in STMicroelectronics in the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP grew its stake in shares of STMicroelectronics by 135.0% in the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after acquiring an additional 1,334,192 shares during the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Performance

Shares of STM stock opened at $74.63 on Tuesday. 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 50 day moving average price of $65.36 and a 200-day moving average price of $43.21. STMicroelectronics N.V. has a 52 week low of $21.11 and a 52 week high of $81.42. The firm has a market capitalization of $67.03 billion, a PE ratio of 466.44 and a beta of 1.94.

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. As a group, equities research analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on STM. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Thursday, April 23rd. Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research note on Friday, April 24th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, STMicroelectronics presently has a consensus rating of “Moderate Buy” and an average price target of $64.39.

About STMicroelectronics

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.