STMicroelectronics N.V. $STM Stock Position Raised by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in STMicroelectronics N.V. (NYSE:STM) by 74.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 16,059 shares of the semiconductor producer’s stock after purchasing an additional 6,852 shares during the period. Ritholtz Wealth Management’s holdings in STMicroelectronics were worth $555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Wealth Management acquired a new stake in STMicroelectronics during the 4th quarter valued at $26,000. CIBC Private Wealth Group LLC boosted its position in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after buying an additional 974 shares during the period. Advisory Services Network LLC purchased a new position in shares of STMicroelectronics during the third quarter valued at $52,000. Brown Brothers Harriman & Co. raised its position in 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 buying an additional 2,085 shares during the period. Finally, Banque Cantonale Vaudoise acquired a new position in STMicroelectronics during the fourth quarter valued at $74,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

STM stock opened at $74.92 on Wednesday. The company has a market capitalization of $67.29 billion, a price-to-earnings ratio of 468.27 and a beta of 1.94. The firm has a 50 day moving average of $65.98 and a two-hundred day moving average of $43.55. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. STMicroelectronics N.V. has a 12 month low of $21.11 and a 12 month high of $81.42.

STMicroelectronics (NYSE:STM) last released its quarterly earnings data on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $3.10 billion during the quarter. STMicroelectronics had a net margin of 1.19% and a return on equity of 3.01%. As a group, equities analysts anticipate that STMicroelectronics N.V. will post 1.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on STM shares. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Mizuho upped their target price on STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Sunday, April 26th. UBS Group set a $100.00 target price on shares of STMicroelectronics in a research report on Wednesday, June 10th. Finally, Barclays raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $64.39.

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.