Modera Wealth Management LLC Has $4.83 Million Holdings in STMicroelectronics N.V. $STM

Modera Wealth Management LLC grew its holdings in STMicroelectronics N.V. (NYSE:STM) by 18.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,879 shares of the semiconductor producer’s stock after buying an additional 24,642 shares during the period. Modera Wealth Management LLC’s holdings in STMicroelectronics were worth $4,832,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in STM. Smartleaf Asset Management LLC lifted its holdings in STMicroelectronics by 63.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer’s stock valued at $48,000 after purchasing an additional 838 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of STMicroelectronics by 85.4% during the 2nd quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock worth $69,000 after buying an additional 1,045 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of STMicroelectronics by 396.4% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer’s stock worth $70,000 after buying an additional 2,553 shares during the period. SBI Securities Co. Ltd. grew its stake in STMicroelectronics by 57.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer’s stock valued at $73,000 after buying an additional 1,209 shares during the last quarter. Finally, CWM LLC raised its holdings in STMicroelectronics by 27.5% in the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after acquiring an additional 578 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STM. Craig Hallum cut STMicroelectronics from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Thursday, July 24th. The Goldman Sachs Group set a $26.50 price target on STMicroelectronics and gave the company a “neutral” rating in a research note on Friday, July 25th. TD Cowen dropped their target price on STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a report on Friday, October 24th. Susquehanna boosted their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, BNP Paribas Exane raised shares of STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.19.

STMicroelectronics Stock Performance

STM opened at $23.52 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47. The firm has a market cap of $21.12 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 4.59 and a beta of 1.67. The business’s fifty day moving average is $27.10 and its 200-day moving average is $27.19.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share for the quarter. The business had revenue of $3.19 billion during the quarter. STMicroelectronics had a net margin of 4.55% and a return on equity of 4.06%. Sell-side analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.