Whalen Wealth Management Inc. Purchases Shares of 18,337 STMicroelectronics N.V. $STM
by Doug Wharley · The Cerbat GemWhalen Wealth Management Inc. bought a new stake in STMicroelectronics N.V. (NYSE:STM – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,337 shares of the semiconductor producer’s stock, valued at approximately $476,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Abound Wealth Management acquired a new position in STMicroelectronics in the fourth quarter valued at about $26,000. Peterson Wealth Services increased its stake in shares of STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of STMicroelectronics during the third quarter worth $52,000. Farther Finance Advisors LLC grew its position in shares of STMicroelectronics by 45.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,930 shares of the semiconductor producer’s stock valued at $83,000 after purchasing an additional 915 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in STMicroelectronics by 132.7% in the 2nd quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock worth $89,000 after purchasing an additional 1,663 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
STM has been the topic of a number of recent research reports. Morgan Stanley raised STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research report on Thursday, March 26th. Mizuho set a $28.00 price target on STMicroelectronics in a report on Friday, January 9th. Weiss Ratings downgraded shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Finally, Susquehanna upped their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, STMicroelectronics presently has a consensus rating of “Hold” and a consensus target price of $31.93.
View Our Latest Research Report on STM
STMicroelectronics Trading Down 0.1%
NYSE:STM opened at $34.30 on Friday. STMicroelectronics N.V. has a one year low of $17.25 and a one year high of $35.07. 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 firm has a 50-day moving average of $32.42 and a 200-day moving average of $28.47. The company has a market cap of $30.80 billion, a PE ratio of 190.54 and a beta of 1.51.
STMicroelectronics (NYSE:STM – Get Free Report) last posted its quarterly earnings data on Friday, January 30th. 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 during the quarter, compared to analysts’ expectations of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. As a group, equities research analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal 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.