Quantinno Capital Management LP Acquires 63,786 Shares of STMicroelectronics N.V. $STM

Quantinno Capital Management LP lifted its holdings in shares of STMicroelectronics N.V. (NYSE:STM) by 29.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 277,370 shares of the semiconductor producer’s stock after acquiring an additional 63,786 shares during the quarter. Quantinno Capital Management LP’s holdings in STMicroelectronics were worth $9,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Portus Wealth Advisors LLC purchased a new position in STMicroelectronics in the 1st quarter worth about $32,000. CIBC Private Wealth Group LLC lifted its stake in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after acquiring an additional 974 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of STMicroelectronics during the 1st quarter valued at about $45,000. Advisory Services Network LLC purchased a new stake in shares of STMicroelectronics during the 3rd quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of STMicroelectronics by 350.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after acquiring an additional 2,085 shares during the period. 5.05% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STM has been the subject of several research reports. Susquehanna boosted their price objective on shares of STMicroelectronics from $60.00 to $75.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Robert W. Baird set a $90.00 price target on STMicroelectronics in a report on Friday, April 24th. Finally, Zacks Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.65.

STMicroelectronics Price Performance

NYSE STM opened at $54.20 on Wednesday. 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 $48.68 billion, a P/E ratio of 106.28 and a beta of 1.95. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average price of $68.24 and a 200-day moving average price of $49.74.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. Equities research analysts anticipate that STMicroelectronics N.V. will post 1.3 earnings per share for the current year.

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.