STMicroelectronics N.V. $STM Stock Holdings Lifted by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its STMicroelectronics holdings by 683.3% in the third quarter, to 185,911 shares valued at about $9.92 million.
• Analysts give the stock a “Moderate Buy” consensus, with 13 Buy and six Hold ratings and an average price target of $75.06.
• In its latest reported quarter, STMicroelectronics posted earnings of $0.37 per share, below the $0.40 estimate, while revenue of $3.76 billion topped expectations.

Kestra Advisory Services LLC lifted its holdings in STMicroelectronics N.V. (NYSE:STM - Free Report) by 683.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,911 shares of the semiconductor producer's stock after purchasing an additional 162,176 shares during the quarter. Kestra Advisory Services LLC's holdings in STMicroelectronics were worth $9,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Situational Awareness LP acquired a new position in shares of STMicroelectronics during the second quarter valued at approximately $584,344,000. Militia Capital Management LLC acquired a new stake in shares of STMicroelectronics in the first quarter worth approximately $3,455,000. Engineers Gate Manager LP purchased a new stake in shares of STMicroelectronics during the second quarter worth approximately $7,407,000. Generate Investment Management Ltd purchased a new stake in shares of STMicroelectronics during the third quarter worth approximately $15,857,000. Finally, QRG Capital Management Inc. lifted its holdings in STMicroelectronics by 173.0% in the 2nd quarter. QRG Capital Management Inc. now owns 39,103 shares of the semiconductor producer's stock valued at $2,928,000 after purchasing an additional 24,780 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on STM shares. Jefferies Financial Group reiterated a "buy" rating on shares of STMicroelectronics in a report on Monday, November 2nd. TD Cowen dropped their price target on shares of STMicroelectronics from $55.00 to $50.00 and set a "hold" rating for the company in a research report on Monday, October 19th. JPMorgan Chase & Co. restated a "neutral" rating on shares of STMicroelectronics in a research report on Wednesday, October 21st. Bank of America reiterated a "buy" rating on shares of STMicroelectronics in a research note on Friday, October 30th. Finally, Susquehanna raised their price target on shares of STMicroelectronics from $60.00 to $75.00 and gave the company a "positive" rating in a research report on Tuesday, July 21st. Thirteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, STMicroelectronics currently has an average rating of "Moderate Buy" and a consensus price target of $75.06.

STMicroelectronics Price Performance

Shares of STM opened at $44.49 on Tuesday. The firm has a market cap of $39.96 billion, a PE ratio of 79.46 and a beta of 2.00. The firm's 50 day moving average price is $49.65 and its 200 day moving average price is $50.34. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.30 and a current ratio of 3.13. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42.

STMicroelectronics (NYSE:STM - Get Free Report) last released its earnings results on Thursday, October 29th. The semiconductor producer reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.03). The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.72 billion. STMicroelectronics had a return on equity of 4.71% and a net margin of 3.80%. As a group, research analysts expect that STMicroelectronics N.V. will post 1.25 EPS for the current fiscal year.

About STMicroelectronics

STMicroelectronics is a global semiconductor company that designs, develops and manufactures chips and related products for customers in a range of industries. Its portfolio includes microcontrollers, analog and mixed-signal integrated circuits, power semiconductors, sensors, and microelectromechanical systems (MEMS).

The company's products are used in automotive systems, industrial equipment, communications devices, computers and consumer electronics. Its offerings support applications such as vehicle control and safety, factory automation, power management, and motion and environmental sensing.

STMicroelectronics was formed in 1987 through the merger of Italy's SGS Microelettronica and France's Thomson Semiconducteurs.

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