Brian Low Financial Group LLC Grows Stock Holdings in STMicroelectronics N.V. $STM

Brian Low Financial Group LLC lifted its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 80.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,179 shares of the semiconductor producer’s stock after purchasing an additional 25,885 shares during the period. STMicroelectronics accounts for about 1.4% of Brian Low Financial Group LLC’s portfolio, making the stock its 14th largest holding. Brian Low Financial Group LLC’s holdings in STMicroelectronics were worth $2,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Amundi purchased a new position in STMicroelectronics during the first quarter worth approximately $947,000. AQR Capital Management LLC grew its holdings in STMicroelectronics by 182.8% in the 1st quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after buying an additional 20,745 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of STMicroelectronics in the 2nd quarter worth $119,000. M&T Bank Corp acquired a new stake in shares of STMicroelectronics in the 2nd quarter worth $303,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of STMicroelectronics by 79.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock worth $148,000 after acquiring an additional 2,156 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STM shares. Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research note on Wednesday, June 10th. Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a report on Wednesday, June 10th. Finally, Robert W. Baird set a $90.00 price target on shares of STMicroelectronics in a research note on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and an average price target of $64.39.

STMicroelectronics Stock Down 1.1%

STMicroelectronics stock opened at $71.65 on Thursday. The company has a market capitalization of $64.35 billion, a PE ratio of 447.83 and a beta of 1.94. 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 N.V. has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The firm has a 50 day moving average price of $63.41 and a 200 day moving average price of $42.20.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 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. Research analysts expect that STMicroelectronics N.V. will post 1.17 earnings per share for the current 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.