Trivest Advisors Ltd Acquires New Position in STMicroelectronics N.V. $STM

Trivest Advisors Ltd acquired a new position in shares of STMicroelectronics N.V. (NYSE:STM) during the 1st quarter, HoldingsChannel reports. The firm acquired 58,950 shares of the semiconductor producer’s stock, valued at approximately $2,037,000. STMicroelectronics comprises 0.1% of Trivest Advisors Ltd’s holdings, making the stock its 28th largest position.

A number of other large investors have also recently bought and sold shares of STM. Abound Wealth Management bought a new position in STMicroelectronics in the fourth quarter worth about $26,000. CIBC Private Wealth Group LLC grew its holdings in shares of STMicroelectronics by 3,746.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock valued at $26,000 after purchasing an additional 974 shares during the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of STMicroelectronics during the 1st quarter worth approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of STMicroelectronics during the 3rd quarter worth approximately $52,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of STMicroelectronics by 350.4% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after purchasing an additional 2,085 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $62.20 on Monday. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a market cap of $55.87 billion, a PE ratio of 388.81 and a beta of 1.93. The stock has a 50 day simple moving average of $70.30 and a 200-day simple moving average of $47.43. The company has a current ratio of 3.31, a quick ratio of 2.34 and a debt-to-equity ratio of 0.12.

STMicroelectronics (NYSE:STM) last posted its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. The firm had revenue of $3.10 billion for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%. On average, equities research analysts forecast that STMicroelectronics N.V. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on STM shares. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research report on Friday, April 24th. Barclays upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Monday, June 29th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a report on Monday, July 13th. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research raised shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.39.

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.