Keybank National Association OH Buys New Position in STMicroelectronics N.V. $STM

Keybank National Association OH bought a new stake in shares of STMicroelectronics N.V. (NYSE:STM) in the first quarter, HoldingsChannel reports. The institutional investor bought 8,984 shares of the semiconductor producer’s stock, valued at approximately $310,000.

Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley boosted its stake in shares of STMicroelectronics by 40.6% during the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock worth $159,691,000 after acquiring an additional 1,778,113 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of STMicroelectronics in the 4th quarter worth $42,731,000. Invesco Ltd. raised 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 purchasing an additional 1,608,029 shares during the period. Defiance ETFs LLC purchased a new position in STMicroelectronics during the fourth quarter valued at $39,545,000. Finally, Two Sigma Investments LP lifted its position in STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock valued at $65,635,000 after purchasing an additional 1,334,192 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on STM. Robert W. Baird set a $90.00 price target on STMicroelectronics in a research report on Friday, April 24th. Barclays upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Monday, June 29th. Morgan Stanley reissued an “overweight” rating on shares of STMicroelectronics in a report on Tuesday, June 30th. Zacks Research upgraded shares of STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Finally, UBS Group set a $100.00 price target on shares of STMicroelectronics in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.39.

STMicroelectronics Trading Up 0.1%

STM stock opened at $71.45 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.31 and a quick ratio of 2.34. STMicroelectronics N.V. has a 1-year low of $21.11 and a 1-year high of $81.42. The business has a 50 day simple moving average of $69.39 and a two-hundred day simple moving average of $45.87. The company has a market capitalization of $64.17 billion, a price-to-earnings ratio of 446.57 and a beta of 1.93.

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