Barometer Capital Management Inc. Invests $1.74 Million in STMicroelectronics N.V. $STM

Barometer Capital Management Inc. acquired a new stake in STMicroelectronics N.V. (NYSE:STM) in the 1st quarter, Holdings Channel.com reports. The fund acquired 50,400 shares of the semiconductor producer’s stock, valued at approximately $1,741,000.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley grew its holdings in 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 acquired a new position in shares of STMicroelectronics during the fourth quarter worth $42,731,000. Invesco Ltd. lifted its holdings in shares of STMicroelectronics by 67.1% during the third 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 bought a new stake in shares of STMicroelectronics in the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP increased its holdings in STMicroelectronics by 135.0% in 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 during the period. Institutional investors own 5.05% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on STM. Barclays raised STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Monday, June 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of STMicroelectronics in a research note on Tuesday, June 30th. Mizuho increased their target price on shares of STMicroelectronics from $68.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. UBS Group set a $100.00 price target on shares of STMicroelectronics in a report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, June 11th. One 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 company. According to data from MarketBeat, STMicroelectronics has a consensus rating of “Moderate Buy” and an average target price of $68.28.

STMicroelectronics Price Performance

Shares of STM opened at $65.51 on Wednesday. The firm has a market cap of $58.84 billion, a PE ratio of 409.48 and a beta of 1.93. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $81.42. The business’s 50 day moving average price is $70.49 and its two-hundred day moving average price is $47.96. 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 announced its quarterly earnings data 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 company had revenue of $3.10 billion during the quarter. On average, equities analysts anticipate that STMicroelectronics N.V. will post 1.25 EPS for the current 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.