Fox Run Management L.L.C. Acquires New Shares in STMicroelectronics N.V. $STM

Fox Run Management L.L.C. acquired a new position in STMicroelectronics N.V. (NYSE:STM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,158 shares of the semiconductor producer’s stock, valued at approximately $428,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of 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 valued at $132,240,000 after purchasing an additional 1,326,020 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in STMicroelectronics by 19.1% during the third quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer’s stock valued at $112,782,000 after buying an additional 641,327 shares during the period. Rafferty Asset Management LLC raised its stake in STMicroelectronics by 50.7% in the second quarter. Rafferty Asset Management LLC now owns 3,020,721 shares of the semiconductor producer’s stock worth $91,860,000 after buying an additional 1,016,035 shares in the last quarter. Analog Century Management LP raised its stake in STMicroelectronics by 37.3% in the second quarter. Analog Century Management LP now owns 2,182,403 shares of the semiconductor producer’s stock worth $66,367,000 after buying an additional 592,599 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in STMicroelectronics during the second quarter worth $58,593,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STM. Susquehanna lifted their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Mizuho set a $28.00 target price on STMicroelectronics in a research note on Friday, January 9th. Finally, Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 20th. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.93.

STMicroelectronics Stock Down 2.1%

Shares of STM stock opened at $33.64 on Monday. The stock’s fifty day moving average price is $29.65 and its 200 day moving average price is $27.35. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $35.07. The company has a market cap of $30.22 billion, a price-to-earnings ratio of 186.92 and a beta of 1.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.36 and a quick ratio of 2.43.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%.The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. On average, research analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

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.