111,540 Shares in STMicroelectronics N.V. $STM Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in STMicroelectronics N.V. (NYSE:STM) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 111,540 shares of the semiconductor producer’s stock, valued at approximately $3,152,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Peterson Wealth Services grew its holdings in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares during the period. Rothschild Investment LLC raised its holdings in STMicroelectronics by 248.4% during the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after purchasing an additional 929 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in STMicroelectronics during the second quarter worth $57,000. Parkside Financial Bank & Trust grew its holdings in STMicroelectronics by 114.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock valued at $76,000 after purchasing an additional 1,338 shares during the last quarter. Finally, CWM LLC grew its holdings in STMicroelectronics by 27.5% in the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after purchasing an additional 578 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

STMicroelectronics Stock Down 0.3%

STM opened at $33.50 on Tuesday. The firm has a market cap of $30.09 billion, a P/E ratio of 186.13 and a beta of 1.59. The business’s fifty day simple moving average is $29.80 and its 200 day simple moving average is $27.40. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $35.07. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10.

STMicroelectronics (NYSE:STM) last announced its 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). The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. As a group, equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS 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.