Miller Global Investments LLC Acquires Shares of 24,022 STMicroelectronics N.V. $STM

Miller Global Investments LLC bought a new stake in STMicroelectronics N.V. (NYSE:STM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,022 shares of the semiconductor producer’s stock, valued at approximately $623,000.

A number of other institutional investors have also recently made changes to their positions in STM. Arrowstreet Capital Limited Partnership purchased a new position in shares of STMicroelectronics during the 2nd quarter valued at $58,593,000. Invesco Ltd. increased its holdings in STMicroelectronics by 67.1% in the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after acquiring an additional 1,608,029 shares during the last quarter. Two Sigma Investments LP raised its stake in STMicroelectronics by 135.0% in the 3rd quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after acquiring an additional 1,334,192 shares during the period. Bank of America Corp DE raised its stake in STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer’s stock valued at $132,240,000 after acquiring an additional 1,326,020 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in STMicroelectronics by 138.9% during the third quarter. BNP Paribas Financial Markets now owns 2,205,234 shares of the semiconductor producer’s stock valued at $62,320,000 after purchasing an additional 1,282,343 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $32.40 on Friday. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $35.07. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $29.10 billion, a PE ratio of 180.02 and a beta of 1.55. The firm’s 50 day simple moving average is $31.40 and its 200 day simple moving average is $27.97.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing the consensus estimate 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%. As a group, analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

STM has been the subject of a number of research reports. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Susquehanna boosted 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. Finally, Mizuho set a $28.00 price objective on shares of STMicroelectronics in a report on Friday, January 9th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company 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.