Quantbot Technologies LP Invests $3.15 Million in STMicroelectronics N.V. $STM

Quantbot Technologies LP acquired a new position in shares of STMicroelectronics N.V. (NYSE:STM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 111,540 shares of the semiconductor producer’s stock, valued at approximately $3,152,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Peterson Wealth Services grew its stake in STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after buying an additional 1,142 shares during the last quarter. Rothschild Investment LLC lifted its stake in STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after buying an additional 929 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of STMicroelectronics in the second quarter valued at approximately $57,000. Parkside Financial Bank & Trust boosted its holdings 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 acquiring an additional 1,338 shares during the period. Finally, CWM LLC grew its position in shares of STMicroelectronics by 27.5% during the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after acquiring an additional 578 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Trading Down 0.3%

NYSE STM opened at $33.50 on Tuesday. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $30.09 billion, a P/E ratio of 186.13 and a beta of 1.59. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $35.07. The firm has a 50-day moving average price of $29.80 and a 200 day moving average price of $27.40.

STMicroelectronics (NYSE:STM) last released its earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. Equities research analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. Mizuho set a $28.00 price objective on shares of STMicroelectronics in a research note on Friday, January 9th. Finally, 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 note on Monday, February 23rd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.93.

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.