DGS Capital Management LLC Makes New Investment in STMicroelectronics N.V. $STM

DGS Capital Management LLC purchased a new stake in STMicroelectronics N.V. (NYSE:STM) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,173 shares of the semiconductor producer’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of STM. Portus Wealth Advisors LLC acquired a new position in shares of STMicroelectronics during the 1st quarter worth about $32,000. CIBC Private Wealth Group LLC lifted its stake in STMicroelectronics by 3,746.2% in the 4th 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 last quarter. Abound Wealth Management bought a new position in STMicroelectronics during the fourth quarter worth about $26,000. Advisory Services Network LLC bought a new position in STMicroelectronics during the third quarter worth about $52,000. Finally, Brown Brothers Harriman & Co. increased its position in STMicroelectronics by 350.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after buying an additional 2,085 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a research note on Friday, April 24th. Craig Hallum raised 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. Finally, UBS Group set a $100.00 price objective on shares of STMicroelectronics in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Stock Performance

NYSE:STM opened at $71.53 on Friday. The stock has a market cap of $64.25 billion, a P/E ratio of 447.10 and a beta of 1.93. The stock has a 50 day simple moving average of $69.01 and a 200 day simple moving average of $45.69. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12. STMicroelectronics N.V. has a 1-year low of $21.11 and a 1-year high of $81.42.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm 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%. Research analysts anticipate that STMicroelectronics N.V. will post 1.25 earnings per share for the current 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.