XY Capital Ltd Takes Position in STMicroelectronics N.V. $STM

XY Capital Ltd acquired a new position in STMicroelectronics N.V. (NYSE:STM) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,496 shares of the semiconductor producer’s stock, valued at approximately $363,000.

Several other institutional investors have also recently made changes to their positions in STM. Morgan Stanley raised its stake in STMicroelectronics by 40.6% during the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after purchasing an additional 1,778,113 shares during the period. Marshall Wace LLP bought a new position in STMicroelectronics in the 4th quarter worth approximately $42,731,000. Invesco Ltd. grew its holdings in STMicroelectronics by 67.1% during the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock valued at $113,151,000 after buying an additional 1,608,029 shares in the last quarter. Defiance ETFs LLC purchased a new stake in STMicroelectronics during the 4th quarter valued at approximately $39,545,000. Finally, Two Sigma Investments LP raised its position in shares of 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 buying an additional 1,334,192 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 6.0%

Shares of STM opened at $65.51 on Wednesday. The company’s fifty day moving average is $70.49 and its 200 day moving average is $47.96. STMicroelectronics N.V. has a fifty-two week low of $21.11 and a fifty-two week high of $81.42. The stock has a market capitalization of $58.84 billion, a PE ratio of 409.48 and a beta of 1.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.34 and a current ratio of 3.31.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on STM shares. Susquehanna boosted their target price on shares of STMicroelectronics from $60.00 to $75.00 and gave the stock a “positive” rating in a report on Tuesday. Weiss Ratings raised shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 26th. Bank of America upgraded shares of STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Wednesday, June 10th. Morgan Stanley reiterated an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Finally, Craig Hallum raised shares of STMicroelectronics from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.28.

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.