Hsbc Holdings PLC Purchases 20,491 Shares of STMicroelectronics N.V. $STM

Key Points

• Hsbc Holdings PLC increased its stake in STMicroelectronics by 47.3%, acquiring a total of 63,782 shares valued at approximately $1.375 million.
• Multiple institutional investors boosted their holdings in STMicroelectronics significantly during the first quarter, with increases of up to 396.4% reported by some firms.
• Recent analyst ratings have been mixed, with Robert W. Baird upgrading the stock to "outperform" with a price target of $50.00, while others set lower targets.

Hsbc Holdings PLC increased its stake in STMicroelectronics N.V. (NYSE:STM - Free Report) by 47.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,782 shares of the semiconductor producer's stock after purchasing an additional 20,491 shares during the period. Hsbc Holdings PLC's holdings in STMicroelectronics were worth $1,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in STMicroelectronics by 139.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock worth $41,000 after purchasing an additional 1,085 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in STMicroelectronics by 396.4% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer's stock valued at $70,000 after buying an additional 2,553 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in STMicroelectronics by 57.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer's stock valued at $73,000 after buying an additional 1,209 shares during the last quarter. Deutsche Bank AG increased 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 valued at $92,000 after buying an additional 466 shares during the last quarter. Finally, Allworth Financial LP increased its stake in STMicroelectronics by 59.0% in the 1st quarter. Allworth Financial LP now owns 3,825 shares of the semiconductor producer's stock valued at $89,000 after buying an additional 1,420 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on STM shares. Baird R W upgraded shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a research note on Friday, July 25th. Robert W. Baird raised shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $23.00 to $50.00 in a report on Tuesday, July 22nd. Susquehanna lifted their target price on shares of STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Finally, TD Cowen reduced their target price on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $32.21.

STMicroelectronics Stock Down 2.1%

NYSE:STM traded down $0.57 during trading hours on Monday, reaching $27.02. The company had a trading volume of 5,728,391 shares, compared to its average volume of 6,189,055. 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 cap of $24.27 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 4.24 and a beta of 1.62. The business's 50-day simple moving average is $28.59 and its two-hundred day simple moving average is $25.86. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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. On average, equities analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

About STMicroelectronics

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.