Maxi Investments CY Ltd Acquires New Position in STMicroelectronics N.V. $STM

Maxi Investments CY Ltd bought a new position in STMicroelectronics N.V. (NYSE:STM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 90,000 shares of the semiconductor producer’s stock, valued at approximately $2,335,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STM. Invesco Ltd. grew its holdings in shares of STMicroelectronics by 67.1% during the third quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after buying an additional 1,608,029 shares during the last quarter. Two Sigma Investments LP increased its position in shares of STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after acquiring an additional 1,334,192 shares in the last quarter. Bank of America Corp DE raised its holdings in STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock worth $132,240,000 after acquiring an additional 1,326,020 shares during the last quarter. BNP Paribas Financial Markets lifted its position in STMicroelectronics by 138.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,205,234 shares of the semiconductor producer’s stock valued at $62,320,000 after acquiring an additional 1,282,343 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its position in STMicroelectronics by 50.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 3,020,721 shares of the semiconductor producer’s stock valued at $91,860,000 after acquiring an additional 1,016,035 shares in the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 3.5%

STMicroelectronics stock opened at $55.95 on Friday. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $58.01. The company has a market cap of $50.25 billion, a P/E ratio of 349.68 and a beta of 1.89. 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 business has a 50-day simple moving average of $38.73 and a two-hundred day simple moving average of $31.17.

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. The company had revenue of $3.10 billion for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. Analysts predict that STMicroelectronics N.V. will post 1.09 EPS for the current year.

Wall Street Analyst Weigh In

STM has been the subject of a number of research analyst reports. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a report on Sunday, April 26th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, April 24th. Morgan Stanley upgraded STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Thursday, March 26th. Finally, Craig Hallum raised STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, April 23rd. Ten research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.07.

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.