Ingalls & Snyder LLC Boosts Holdings in STMicroelectronics N.V. $STM

Ingalls & Snyder LLC boosted its stake in STMicroelectronics N.V. (NYSE:STM) by 38.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 337,427 shares of the semiconductor producer’s stock after acquiring an additional 93,111 shares during the period. Ingalls & Snyder LLC’s holdings in STMicroelectronics were worth $9,536,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of STM. Peterson Wealth Services raised its holdings in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after purchasing an additional 1,142 shares during the period. Rothschild Investment LLC grew its holdings in STMicroelectronics by 248.4% during the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the period. AlphaCore Capital LLC purchased a new stake in STMicroelectronics in the second quarter worth $57,000. IFP Advisors Inc raised its stake in shares of STMicroelectronics by 85.4% in the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock valued at $69,000 after buying an additional 1,045 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in shares of STMicroelectronics by 114.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock valued at $76,000 after buying an additional 1,338 shares during the period. 5.05% of the stock is owned by institutional investors.

STMicroelectronics Trading Down 1.2%

Shares of STM opened at $33.21 on Wednesday. The business’s 50-day moving average price is $28.39 and its 200-day moving average price is $26.86. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $35.07. The stock has a market cap of $29.83 billion, a PE ratio of 184.51 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 released its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The firm had revenue of $3.33 billion during 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%. On average, equities analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on STM. Robert W. Baird set a $45.00 price target on STMicroelectronics in a research note on Friday, October 24th. Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of STMicroelectronics in a research note on Wednesday, January 21st. TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Finally, Mizuho set a $28.00 price objective on shares of STMicroelectronics in a report on Friday, January 9th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.93.

About STMicroelectronics

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.