Candriam S.C.A. Raises Stock Position in STMicroelectronics N.V. $STM

Candriam S.C.A. boosted its position in shares of STMicroelectronics N.V. (NYSE:STM) by 18.2% during the 1st quarter, HoldingsChannel reports. The firm owned 90,810 shares of the semiconductor producer’s stock after buying an additional 13,999 shares during the period. Candriam S.C.A.’s holdings in STMicroelectronics were worth $3,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of STM. Van ECK Associates Corp increased its stake in shares of STMicroelectronics by 12.2% during the fourth quarter. Van ECK Associates Corp now owns 10,532,428 shares of the semiconductor producer’s stock valued at $273,211,000 after buying an additional 1,145,426 shares during the period. Morgan Stanley lifted its stake in STMicroelectronics by 40.6% in the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after acquiring an additional 1,778,113 shares during the period. Invesco Ltd. lifted its stake in STMicroelectronics by 29.9% in the fourth quarter. Invesco Ltd. now owns 5,199,951 shares of the semiconductor producer’s stock worth $134,887,000 after acquiring an additional 1,196,018 shares during the period. Bank of America Corp DE grew its holdings in STMicroelectronics by 43.9% during 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 in the last quarter. Finally, FIL Ltd grew its holdings in STMicroelectronics by 5.0% during the 4th quarter. FIL Ltd now owns 3,107,386 shares of the semiconductor producer’s stock worth $80,606,000 after acquiring an additional 146,676 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Stock Down 4.3%

NYSE:STM opened at $68.37 on Tuesday. The company has a market cap of $61.41 billion, a PE ratio of 427.35 and a beta of 1.93. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42. 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’s 50 day moving average is $69.65 and its two-hundred day moving average is $46.31.

STMicroelectronics (NYSE:STM) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The company had revenue of $3.10 billion during the quarter. Analysts anticipate that STMicroelectronics N.V. will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

STM has been the subject of a number of recent research reports. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Thursday, April 23rd. Zacks Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Finally, Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and a consensus price target of $64.39.

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.