STMicroelectronics N.V. $STM Position Increased by Diversified Trust Co

Diversified Trust Co raised its position in STMicroelectronics N.V. (NYSE:STM) by 264.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,354 shares of the semiconductor producer’s stock after purchasing an additional 20,564 shares during the quarter. Diversified Trust Co’s holdings in STMicroelectronics were worth $801,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of STM. Rothschild Investment LLC lifted its holdings in shares of STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after buying an additional 929 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in STMicroelectronics in the second quarter valued at approximately $57,000. IFP Advisors Inc grew its position in STMicroelectronics by 85.4% in the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock worth $69,000 after acquiring an additional 1,045 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of STMicroelectronics by 114.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock worth $76,000 after purchasing an additional 1,338 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of STMicroelectronics by 27.5% during the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after purchasing an additional 578 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on STM shares. BNP Paribas Exane upgraded shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price objective for the company in a report on Thursday, September 4th. Barclays reiterated an “underweight” rating on shares of STMicroelectronics in a research note on Tuesday, September 16th. Cowen reissued a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. Finally, Weiss Ratings downgraded STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.94.

STMicroelectronics Stock Performance

STM opened at $25.93 on Friday. The company has a quick ratio of 2.28, a current ratio of 3.22 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $24.58 and its two-hundred day moving average price is $27.02. The firm has a market capitalization of $23.29 billion, a P/E ratio of 44.71, a price-to-earnings-growth ratio of 4.84 and a beta of 1.56. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 EPS for the quarter. The company had revenue of $3.19 billion during the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%. On average, equities analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current 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.