STMicroelectronics N.V. $STM Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its holdings in shares of STMicroelectronics N.V. (NYSE:STM) by 681.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,301 shares of the semiconductor producer’s stock after purchasing an additional 15,086 shares during the period. TD Waterhouse Canada Inc.’s holdings in STMicroelectronics were worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its stake 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 worth $26,000 after purchasing an additional 974 shares in the last quarter. Portus Wealth Advisors LLC acquired a new stake in shares of STMicroelectronics in the first quarter valued at about $32,000. Continuum Advisory LLC purchased a new stake in shares of STMicroelectronics during the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio purchased a new stake in shares of STMicroelectronics during the 1st quarter valued at about $45,000. Finally, Advisory Services Network LLC acquired a new position in STMicroelectronics during the 3rd quarter worth approximately $52,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on STM shares. Weiss Ratings restated a “hold (c-)” rating on shares of STMicroelectronics in a report on Friday, August 21st. Citigroup reiterated a “buy” rating on shares of STMicroelectronics in a research note on Wednesday, September 2nd. The Goldman Sachs Group decreased their target price on shares of STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a research note on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Finally, Mizuho dropped their price target on shares of STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and a consensus price target of $76.17.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $51.88 on Wednesday. STMicroelectronics N.V. has a 52 week low of $21.11 and a 52 week high of $81.42. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16. The stock has a market cap of $46.60 billion, a P/E ratio of 101.73 and a beta of 1.93. The stock has a 50 day moving average of $57.02 and a 200-day moving average of $53.58.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. On average, analysts expect that STMicroelectronics N.V. will post 1.3 EPS 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.