18,737 Shares in STMicroelectronics N.V. $STM Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 18,737 shares of the semiconductor producer’s stock, valued at approximately $1,403,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CIBC Private Wealth Group LLC increased its stake in shares of STMicroelectronics by 3,746.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer’s stock worth $26,000 after acquiring an additional 974 shares during the period. Portus Wealth Advisors LLC acquired a new position in STMicroelectronics during the first quarter valued at $32,000. Public Employees Retirement System of Ohio purchased a new stake in STMicroelectronics in the first quarter valued at $45,000. Advisory Services Network LLC purchased a new stake in STMicroelectronics in the third quarter valued at $52,000. Finally, Brown Brothers Harriman & Co. grew its position in STMicroelectronics by 350.4% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,680 shares of the semiconductor producer’s stock worth $70,000 after purchasing an additional 2,085 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STM shares. Barclays set a $60.00 price objective on STMicroelectronics in a research note on Friday, July 24th. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Wednesday, June 10th. Robert W. Baird set a $90.00 target price on STMicroelectronics in a report on Friday, April 24th. Wall Street Zen upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Finally, Zacks Research raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.65.

STMicroelectronics Stock Up 3.9%

STM stock opened at $54.20 on Wednesday. STMicroelectronics N.V. has a one year low of $21.11 and a one year high of $81.42. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The firm’s fifty day moving average is $68.24 and its 200 day moving average is $49.74. The firm has a market cap of $48.68 billion, a PE ratio of 106.28 and a beta of 1.95.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. On average, research analysts forecast that STMicroelectronics N.V. will post 1.3 EPS for the current year.

STMicroelectronics Company 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.