STMicroelectronics N.V. $STM Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in shares of STMicroelectronics N.V. (NYSE:STM) by 681.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,301 shares of the semiconductor producer’s stock after buying an additional 15,086 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in STMicroelectronics were worth $1,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of STMicroelectronics by 40.6% in the 4th quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after acquiring an additional 1,778,113 shares during the last quarter. Marshall Wace LLP bought a new position in STMicroelectronics during the fourth quarter worth $42,731,000. Invesco Ltd. boosted its holdings in STMicroelectronics by 67.1% in 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 acquired a new stake in shares of STMicroelectronics during the fourth quarter worth $39,545,000. Finally, Two Sigma Investments LP raised its holdings in shares of STMicroelectronics by 135.0% during the third quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after purchasing an additional 1,334,192 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on STM. Zacks Research downgraded STMicroelectronics from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 3rd. Wall Street Zen raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. The Goldman Sachs Group reduced their price objective on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a research report on Monday, July 27th. Mizuho lowered their price objective on STMicroelectronics from $84.00 to $80.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Wednesday, September 2nd. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.17.

STMicroelectronics Stock Down 0.7%

Shares of STMicroelectronics stock opened at $51.88 on Wednesday. The business’s fifty day moving average price is $57.02 and its two-hundred day moving average price is $53.58. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08. The company has a market capitalization of $46.60 billion, a P/E ratio of 101.73 and a beta of 1.93. STMicroelectronics N.V. has a 1-year low of $21.11 and a 1-year high of $81.42.

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

About STMicroelectronics

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.