Fox Run Management L.L.C. Invests $428,000 in STMicroelectronics N.V. $STM

Fox Run Management L.L.C. bought a new stake in STMicroelectronics N.V. (NYSE:STM) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 15,158 shares of the semiconductor producer’s stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peterson Wealth Services lifted its position in STMicroelectronics by 3,086.5% during the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares during the period. Rothschild Investment LLC increased its holdings in shares of STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after purchasing an additional 929 shares during the period. AlphaCore Capital LLC purchased a new position in shares of STMicroelectronics in the second quarter worth about $57,000. Parkside Financial Bank & Trust raised its stake in shares of STMicroelectronics by 114.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock worth $76,000 after purchasing an additional 1,338 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of STMicroelectronics by 27.5% during the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after purchasing an additional 578 shares during the period. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on STM. Weiss Ratings upgraded shares of STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 20th. Susquehanna upped their price objective on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday, February 23rd. Finally, Mizuho set a $28.00 price objective on shares of STMicroelectronics in a research note on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.93.

STMicroelectronics Price Performance

NYSE:STM opened at $33.64 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.36 and a quick ratio of 2.43. The company has a 50 day moving average price of $29.65 and a 200-day moving average price of $27.35. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $35.07. The firm has a market cap of $30.22 billion, a price-to-earnings ratio of 186.92 and a beta of 1.55.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. Equities research analysts forecast that STMicroelectronics N.V. will post 0.85 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.