MGO One Seven LLC Invests $230,000 in STMicroelectronics N.V. $STM

MGO One Seven LLC purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM) during the fourth quarter, Holdings Channel.com reports. The fund purchased 8,860 shares of the semiconductor producer’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Abound Wealth Management acquired a new stake in shares of STMicroelectronics during the 4th quarter worth approximately $26,000. Peterson Wealth Services raised its position in shares of STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares during the period. Advisory Services Network LLC acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth approximately $52,000. Rakuten Securities Inc. raised its position in shares of STMicroelectronics by 132.7% during the 2nd quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock worth $89,000 after purchasing an additional 1,663 shares during the period. Finally, Kelleher Financial Advisors acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth approximately $106,000. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

STM has been the topic of a number of research reports. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 23rd. Morgan Stanley upgraded STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Finally, Robert W. Baird set a $90.00 target price on STMicroelectronics in a research report on Friday, April 24th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.07.

STMicroelectronics Stock Down 4.7%

Shares of STM stock opened at $61.36 on Friday. STMicroelectronics N.V. has a 1 year low of $21.11 and a 1 year high of $65.31. The stock has a market cap of $55.11 billion, a PE ratio of 383.52 and a beta of 1.89. The business’s fifty day moving average is $42.04 and its 200-day moving average is $32.54. 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 issued its quarterly 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 for the quarter. Equities analysts expect that STMicroelectronics N.V. will post 1.09 earnings per share for the current fiscal year.

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.