Ingalls & Snyder LLC Has $9.54 Million Stock Position in STMicroelectronics N.V. $STM

Ingalls & Snyder LLC boosted its holdings in STMicroelectronics N.V. (NYSE:STM) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 337,427 shares of the semiconductor producer’s stock after purchasing an additional 93,111 shares during the quarter. Ingalls & Snyder LLC’s holdings in STMicroelectronics were worth $9,536,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of STM. ABC Arbitrage SA boosted its holdings in STMicroelectronics by 378.6% in the third quarter. ABC Arbitrage SA now owns 620,238 shares of the semiconductor producer’s stock worth $17,528,000 after acquiring an additional 490,652 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of STMicroelectronics by 43.4% during the third quarter. Penserra Capital Management LLC now owns 927,695 shares of the semiconductor producer’s stock worth $26,216,000 after purchasing an additional 280,615 shares during the period. Calamos Advisors LLC acquired a new position in shares of STMicroelectronics during the third quarter worth approximately $3,222,000. Hardman Johnston Global Advisors LLC bought a new position in shares of STMicroelectronics in the 3rd quarter worth $10,924,000. Finally, Greenland Capital Management LP acquired a new stake in STMicroelectronics in the 2nd quarter valued at $4,375,000. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Down 1.2%

NYSE:STM opened at $33.21 on Wednesday. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $35.07. The firm has a 50-day moving average price of $28.39 and a two-hundred day moving average price of $26.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.43 and a current ratio of 3.36. The firm has a market cap of $29.83 billion, a price-to-earnings ratio of 184.51 and a beta of 1.59.

STMicroelectronics (NYSE:STM) last announced its earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%. On average, equities analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STM shares. Mizuho set a $28.00 price objective on shares of STMicroelectronics in a report on Friday, January 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of STMicroelectronics in a research report on Wednesday, January 21st. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Susquehanna boosted their price objective on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Robert W. Baird set a $45.00 price objective on STMicroelectronics in a research note on Friday, October 24th. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.93.

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.