Curi RMB Capital LLC Takes Position in STMicroelectronics N.V. $STM

Key Points

• Curi RMB Capital LLC acquired 106,956 shares of STMicroelectronics, valued at approximately $2.36 million, making it a significant new investor in the company.
• Several other institutional investors, such as Deutsche Bank and Farther Finance Advisors, have also increased their stakes in STMicroelectronics, reflecting growing confidence in the semiconductor producer.
• Despite reporting lower-than-expected earnings with an EPS of $0.06 compared to an expected $0.10, STMicroelectronics had revenue of $2.77 billion, surpassing analyst estimates of $2.71 billion.

Curi RMB Capital LLC bought a new position in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 106,956 shares of the semiconductor producer's stock, valued at approximately $2,356,000.

Other hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its holdings in STMicroelectronics by 83.3% in the fourth quarter. Northern Trust Corp now owns 616,800 shares of the semiconductor producer's stock worth $15,401,000 after acquiring an additional 280,383 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of STMicroelectronics by 3.0% in the 4th quarter. Ameriprise Financial Inc. now owns 408,573 shares of the semiconductor producer's stock valued at $10,202,000 after purchasing an additional 11,993 shares during the last quarter. Deutsche Bank AG boosted its stake in STMicroelectronics by 14.5% in the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after purchasing an additional 466 shares in the last quarter. FORA Capital LLC grew its position in STMicroelectronics by 398.7% during the 4th quarter. FORA Capital LLC now owns 88,636 shares of the semiconductor producer's stock worth $2,213,000 after purchasing an additional 70,863 shares during the last quarter. Finally, J. Goldman & Co LP purchased a new stake in STMicroelectronics during the 4th quarter worth approximately $2,996,000. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Stock Performance

STMicroelectronics stock traded up $0.38 during midday trading on Thursday, hitting $26.17. 6,034,044 shares of the company were exchanged, compared to its average volume of 5,790,519. The business has a fifty day simple moving average of $27.85 and a two-hundred day simple moving average of $25.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The firm has a market capitalization of $23.51 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 4.05 and a beta of 1.62. STMicroelectronics N.V. has a fifty-two week low of $17.25 and a fifty-two week high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last released 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 company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%. STMicroelectronics has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BNP Paribas Exane raised shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Thursday, September 4th. Citigroup reaffirmed a "buy" rating on shares of STMicroelectronics in a research report on Thursday, September 4th. Craig Hallum lowered STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price objective on the stock. in a report on Thursday, July 24th. TD Cowen decreased their target price on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a report on Friday, July 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, STMicroelectronics presently has an average rating of "Moderate Buy" and an average price target of $32.06.

STMicroelectronics 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.