XY Capital Ltd Invests $363,000 in STMicroelectronics N.V. $STM

XY Capital Ltd acquired a new position in STMicroelectronics N.V. (NYSE:STM) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,496 shares of the semiconductor producer’s stock, valued at approximately $363,000.

A number of other hedge funds also recently bought and sold shares of the company. Abound Wealth Management purchased a new position in STMicroelectronics in the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC increased its position in shares of 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 purchasing an additional 974 shares during the last quarter. Portus Wealth Advisors LLC bought a new position in shares of STMicroelectronics in the 1st quarter worth approximately $32,000. Advisory Services Network LLC bought a new position in shares of STMicroelectronics in the 3rd quarter worth approximately $52,000. Finally, Brown Brothers Harriman & Co. boosted its holdings 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 buying an additional 2,085 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 6.0%

Shares of NYSE:STM opened at $65.51 on Wednesday. The stock has a 50 day moving average of $70.49 and a 200 day moving average of $47.96. The company has a market cap of $58.84 billion, a PE ratio of 409.48 and a beta of 1.93. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-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.

STMicroelectronics (NYSE:STM) last released its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. The company had revenue of $3.10 billion for the quarter. As a group, equities research analysts expect that STMicroelectronics N.V. will post 1.25 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on STM shares. Morgan Stanley restated an “overweight” rating on shares of STMicroelectronics in a research report on Tuesday, June 30th. UBS Group set a $100.00 price target on shares of STMicroelectronics in a research note on Wednesday, June 10th. 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 report on Thursday, April 23rd. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, STMicroelectronics currently has an average rating of “Moderate Buy” and an average target price of $68.28.

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.