JPMorgan Chase & Co. Purchases 641,327 Shares of STMicroelectronics N.V. $STM

JPMorgan Chase & Co. raised its holdings in shares of STMicroelectronics N.V. (NYSE:STM) by 19.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,990,874 shares of the semiconductor producer’s stock after purchasing an additional 641,327 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.44% of STMicroelectronics worth $112,782,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in shares of STMicroelectronics by 878.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 184,067 shares of the semiconductor producer’s stock valued at $5,202,000 after buying an additional 165,264 shares in the last quarter. Caprock Group LLC bought a new stake in STMicroelectronics during the 3rd quarter valued at $258,000. ABC Arbitrage SA raised its holdings in STMicroelectronics by 378.6% during the 3rd quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock valued at $17,528,000 after acquiring an additional 490,652 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of STMicroelectronics by 11.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 26,224 shares of the semiconductor producer’s stock worth $741,000 after acquiring an additional 2,780 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in shares of STMicroelectronics by 1.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 140,972 shares of the semiconductor producer’s stock worth $3,984,000 after acquiring an additional 2,167 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $33.64 on Monday. The stock’s 50-day simple moving average is $28.83 and its two-hundred day simple moving average is $27.04. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $35.07. The firm has a market capitalization of $30.22 billion, a P/E ratio of 186.92 and a beta of 1.59. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. As a group, equities analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho set a $28.00 price objective on STMicroelectronics in a research note on Friday, January 9th. Weiss Ratings upgraded STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, STMicroelectronics currently has an average rating of “Hold” and a consensus price target of $31.93.

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.