DGS Capital Management LLC Takes $248,000 Position in STMicroelectronics N.V. $STM

DGS Capital Management LLC purchased a new stake in STMicroelectronics N.V. (NYSE:STM) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 7,173 shares of the semiconductor producer’s stock, valued at approximately $248,000.

A number of other large investors have also added to or reduced their stakes in the stock. Maxi Investments CY Ltd acquired a new position in shares of STMicroelectronics in the 4th quarter valued at approximately $2,335,000. M&T Bank Corp boosted its position in shares of STMicroelectronics by 243.1% during the 4th quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after acquiring an additional 23,593 shares in the last quarter. Diversified Management Inc. bought a new position in STMicroelectronics in the fourth quarter valued at approximately $648,000. Analog Century Management LP increased its stake in STMicroelectronics by 27.4% in the third quarter. Analog Century Management LP now owns 2,780,953 shares of the semiconductor producer’s stock valued at $78,590,000 after acquiring an additional 598,550 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its position in STMicroelectronics by 305.1% during the fourth quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock valued at $1,724,000 after purchasing an additional 50,065 shares in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Price Performance

Shares of STM opened at $71.53 on Friday. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-month high of $81.42. The business has a 50-day simple moving average of $69.01 and a two-hundred day simple moving average of $45.69. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.12. The stock has a market cap of $64.25 billion, a PE ratio of 447.10 and a beta of 1.93.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings results on Saturday, March 28th. The semiconductor producer reported $0.13 EPS for the quarter. STMicroelectronics had a return on equity of 3.01% and a net margin of 1.19%.The firm had revenue of $3.10 billion for the quarter. Analysts anticipate that STMicroelectronics N.V. will post 1.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

STM has been the subject of several recent analyst reports. UBS Group set a $100.00 target price on STMicroelectronics in a research note on Wednesday, June 10th. Zacks Research upgraded STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Bank of America raised STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Wednesday, June 10th. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research report on Friday, April 24th. Finally, Craig Hallum upgraded STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.39.

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.