Altfest L J & Co. Inc. Takes $545,000 Position in STMicroelectronics N.V. $STM

Altfest L J & Co. Inc. purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 21,005 shares of the semiconductor producer’s stock, valued at approximately $545,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abound Wealth Management bought a new position in shares of STMicroelectronics during the 4th quarter valued at $26,000. Peterson Wealth Services raised its position in shares of STMicroelectronics by 3,086.5% in the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after purchasing an additional 1,142 shares during the period. Advisory Services Network LLC bought a new position in shares of STMicroelectronics in the third quarter valued at approximately $52,000. Farther Finance Advisors LLC raised its position in shares of STMicroelectronics by 45.4% in the third quarter. Farther Finance Advisors LLC now owns 2,930 shares of the semiconductor producer’s stock valued at $83,000 after purchasing an additional 915 shares during the period. Finally, Rakuten Securities Inc. raised its position in shares of STMicroelectronics by 132.7% in the second quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock valued at $89,000 after purchasing an additional 1,663 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 0.0%

Shares of STMicroelectronics stock opened at $39.49 on Monday. The company’s fifty day simple moving average is $33.28 and its 200-day simple moving average is $28.81. The company has a market cap of $35.47 billion, a price-to-earnings ratio of 219.40 and a beta of 1.51. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. STMicroelectronics N.V. has a 1 year low of $19.50 and a 1 year high of $40.04.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%.The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, sell-side analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STM shares. Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Monday, February 23rd. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Mizuho set a $28.00 price target on shares of STMicroelectronics in a research report on Friday, January 9th. Finally, Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, STMicroelectronics presently has an average rating of “Hold” and an average target price of $31.93.

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.