Polar Asset Management Partners Inc. Makes New Investment in STMicroelectronics N.V. $STM

Polar Asset Management Partners Inc. purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 75,251 shares of the semiconductor producer’s stock, valued at approximately $2,600,000.

Other institutional investors have also added to or reduced their stakes in the company. Waverly Advisors LLC bought a new stake in shares of STMicroelectronics in the 1st quarter worth approximately $272,000. Bridgewater Advisors Inc. purchased a new position in STMicroelectronics during the first quarter valued at $185,000. Beaconlight Capital LLC purchased a new stake in shares of STMicroelectronics in the first quarter worth $13,284,000. Public Employees Retirement System of Ohio bought a new position in shares of STMicroelectronics during the first quarter valued at $45,000. Finally, Compound Planning Inc. purchased a new position in shares of STMicroelectronics in the 1st quarter worth about $263,000. Institutional investors own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Mizuho cut their target price on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group set a $100.00 target price on STMicroelectronics in a report on Wednesday, June 10th. The Goldman Sachs Group lowered their price target on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating on the stock in a report on Monday. Finally, Wall Street Zen upgraded STMicroelectronics from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.65.

STMicroelectronics Price Performance

Shares of NYSE:STM opened at $53.35 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42. The stock has a market capitalization of $47.92 billion, a PE ratio of 104.61 and a beta of 1.93. The firm’s 50 day moving average price is $69.97 and its 200-day moving average price is $48.76.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, July 23rd. The semiconductor producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. Equities research analysts expect that STMicroelectronics N.V. will post 1.22 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.