Militia Capital Management LLC Makes New $3.46 Million Investment in STMicroelectronics N.V. $STM

Militia Capital Management LLC purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the first quarter, Holdings Channel.com reports. The firm purchased 100,000 shares of the semiconductor producer’s stock, valued at approximately $3,455,000.

Several other large investors have also recently made changes to their positions in the business. Maxi Investments CY Ltd bought a new position in shares of STMicroelectronics during the 4th quarter valued at $2,335,000. M&T Bank Corp raised its position in STMicroelectronics by 243.1% in the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after purchasing an additional 23,593 shares during the period. Diversified Management Inc. bought a new stake in STMicroelectronics in the fourth quarter worth $648,000. Evergreen Capital Management LLC lifted its stake in STMicroelectronics by 305.1% in the fourth quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock worth $1,724,000 after purchasing an additional 50,065 shares during the last quarter. Finally, Altfest L J & Co. Inc. purchased a new stake in STMicroelectronics during the fourth quarter valued at about $545,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Price Performance

Shares of STM stock opened at $65.93 on Thursday. The firm has a market cap of $59.22 billion, a P/E ratio of 412.09 and a beta of 1.93. STMicroelectronics N.V. has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The business’s 50 day moving average price is $70.54 and its 200-day moving average price is $48.24. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

STMicroelectronics (NYSE:STM) last announced its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 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. On average, equities research analysts anticipate that STMicroelectronics N.V. will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

STM has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Zacks Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Wednesday, June 10th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Susquehanna lifted their price target on STMicroelectronics from $60.00 to $75.00 and gave the stock a “positive” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.28.

About STMicroelectronics

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.