Northwestern Mutual Wealth Management Co. Raises Stake in STMicroelectronics N.V. $STM

Northwestern Mutual Wealth Management Co. boosted its position in STMicroelectronics N.V. (NYSE:STM) by 1,555.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 90,621 shares of the semiconductor producer’s stock after purchasing an additional 85,148 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in STMicroelectronics were worth $2,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Abound Wealth Management purchased a new stake in STMicroelectronics in the fourth quarter valued at approximately $26,000. Peterson Wealth Services boosted its position in 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 buying an additional 1,142 shares during the last quarter. Advisory Services Network LLC purchased a new stake in STMicroelectronics in the third quarter valued at approximately $52,000. Rakuten Securities Inc. boosted its position in 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 buying an additional 1,663 shares during the last quarter. Finally, Kelleher Financial Advisors purchased a new stake in STMicroelectronics in the third quarter valued at approximately $106,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on STM shares. Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Thursday, April 23rd. Mizuho upped their price objective on STMicroelectronics from $56.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 19th. Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, May 8th. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research report on Friday, April 24th. Finally, TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, April 24th. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $51.93.

STMicroelectronics Stock Up 5.9%

Shares of STM opened at $70.81 on Wednesday. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $71.07. The company has a market capitalization of $63.60 billion, a PE ratio of 442.59 and a beta of 1.89. The stock has a fifty day simple moving average of $46.56 and a two-hundred day simple moving average of $34.61. 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 (NYSE:STM) last issued its earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 earnings per share (EPS) for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The business had revenue of $3.10 billion during the quarter. As a group, equities analysts forecast that STMicroelectronics N.V. will post 1.09 EPS for the current year.

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.