Militia Capital Management LLC Takes Position in STMicroelectronics N.V. $STM

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

Other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC lifted its position in 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 acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC purchased a new stake in STMicroelectronics in the first quarter worth about $32,000. Public Employees Retirement System of Ohio bought a new position in shares of STMicroelectronics during the first quarter valued at approximately $45,000. Advisory Services Network LLC bought a new position in shares of STMicroelectronics during the third quarter valued at approximately $52,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of STMicroelectronics by 350.4% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock valued at $70,000 after purchasing an additional 2,085 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STM shares. Barclays set a $60.00 price target on STMicroelectronics in a research report on Friday, July 24th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Wednesday, June 10th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Monday, July 13th. Robert W. Baird set a $90.00 target price on STMicroelectronics in a report on Friday, April 24th. Finally, Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.65.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $52.27 on Monday. The firm has a market cap of $46.95 billion, a P/E ratio of 102.50 and a beta of 1.95. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The company has a 50 day moving average of $68.87 and a 200 day moving average of $49.39.

STMicroelectronics (NYSE:STM) last issued its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, beating the consensus estimate of $0.26 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. As a group, research analysts expect that STMicroelectronics N.V. will post 1.3 EPS for the current fiscal year.

STMicroelectronics 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.