Acadian Asset Management LLC Grows Position in STMicroelectronics N.V. $STM

Key Points

• Acadian Asset Management LLC significantly increased its stake in STMicroelectronics, owning 5,650,244 shares valued at approximately $124 million after boosting their holdings by 148.4% during Q1.
• STMicroelectronics reported a quarterly earnings miss with an EPS of $0.06, below analysts’ expectations, but exceeded revenue estimates at $2.77 billion.
• Brokerage firms have varying outlooks for STMicroelectronics, with TD Cowen lowering its price target to $27, while others like Susquehanna raised their target to $40, reflecting mixed sentiment in the market.

Acadian Asset Management LLC lifted its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 148.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,650,244 shares of the semiconductor producer's stock after acquiring an additional 3,375,428 shares during the quarter. Acadian Asset Management LLC owned 0.63% of STMicroelectronics worth $124,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scientech Research LLC purchased a new position in shares of STMicroelectronics during the first quarter valued at approximately $918,000. Curi RMB Capital LLC purchased a new position in STMicroelectronics during the 1st quarter valued at $2,356,000. Banque Transatlantique SA purchased a new stake in shares of STMicroelectronics during the first quarter valued at $150,000. AQR Capital Management LLC grew its holdings in shares of STMicroelectronics by 182.8% in the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer's stock worth $705,000 after purchasing an additional 20,745 shares during the last quarter. Finally, Amundi purchased a new position in STMicroelectronics in the 1st quarter worth about $947,000. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group set a $26.50 price objective on STMicroelectronics and gave the stock a "neutral" rating in a research note on Friday, July 25th. BNP Paribas Exane raised STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Thursday, September 4th. Susquehanna increased their price target on STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. Finally, Craig Hallum lowered shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.06.

STMicroelectronics Stock Performance

Shares of STMicroelectronics stock traded up $1.08 on Monday, reaching $26.99. 4,830,247 shares of the stock were exchanged, compared to its average volume of 7,442,325. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $33.47. The business has a 50 day moving average price of $27.72 and a two-hundred day moving average price of $25.88. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $24.24 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 4.07 and a beta of 1.62.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The semiconductor producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. STMicroelectronics has set its Q3 2025 guidance at EPS. Analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Company Profile

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.