Pathstone Family Office LLC Has $1.19 Million Position in STMicroelectronics (NYSE:STM)

Pathstone Family Office LLC grew its position in STMicroelectronics (NYSE:STMFree Report) by 42.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,621 shares of the semiconductor producer’s stock after acquiring an additional 8,208 shares during the period. Pathstone Family Office LLC’s holdings in STMicroelectronics were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC raised its position in STMicroelectronics by 1.1% in the 2nd quarter. Cerity Partners LLC now owns 21,860 shares of the semiconductor producer’s stock worth $1,093,000 after purchasing an additional 236 shares during the last quarter. Belpointe Asset Management LLC raised its position in STMicroelectronics by 8.3% in the 1st quarter. Belpointe Asset Management LLC now owns 3,092 shares of the semiconductor producer’s stock worth $165,000 after purchasing an additional 238 shares during the last quarter. Captrust Financial Advisors raised its position in STMicroelectronics by 3.0% in the 2nd quarter. Captrust Financial Advisors now owns 8,191 shares of the semiconductor producer’s stock worth $409,000 after purchasing an additional 238 shares during the last quarter. M&T Bank Corp raised its position in STMicroelectronics by 3.7% in the 3rd quarter. M&T Bank Corp now owns 7,579 shares of the semiconductor producer’s stock worth $327,000 after purchasing an additional 270 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its position in STMicroelectronics by 1.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 20,182 shares of the semiconductor producer’s stock worth $1,079,000 after purchasing an additional 284 shares during the last quarter. Institutional investors own 5.62% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on STM shares. UBS Group raised shares of STMicroelectronics from a “neutral” rating to a “buy” rating in a report on Friday, December 15th. Craig Hallum lowered their target price on shares of STMicroelectronics from $50.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, January 25th. StockNews.com lowered shares of STMicroelectronics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Susquehanna lowered their target price on shares of STMicroelectronics from $65.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, October 24th. Finally, Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $51.60.

Check Out Our Latest Research Report on STMicroelectronics

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $45.86 on Tuesday. STMicroelectronics has a 52 week low of $37.21 and a 52 week high of $55.85. The company has a current ratio of 3.17, a quick ratio of 2.44 and a debt-to-equity ratio of 0.16. The stock has a 50-day simple moving average of $46.68 and a 200 day simple moving average of $45.40.

STMicroelectronics (NYSE:STMGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The semiconductor producer reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. STMicroelectronics had a return on equity of 27.70% and a net margin of 24.36%. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that STMicroelectronics will post 3.31 earnings per share for the current fiscal year.

About STMicroelectronics

(Free Report)

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.

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Institutional Ownership by Quarter for STMicroelectronics (NYSE:STM)

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