STMicroelectronics N.V. $STM Position Cut by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in STMicroelectronics by 16.7%, selling 103,124 shares, and now holds 513,676 shares valued at approximately $11.28 million.
• Analysts have a generally positive outlook on STMicroelectronics, with a Moderate Buy average rating and a price target of $32.06, although the stock missed its earnings estimate in the last quarter.
• In the first quarter, several institutional investors increased their positions in STMicroelectronics, with Brooklyn Investment Group boosting their holdings by an impressive 1,275.9%.

Northern Trust Corp reduced its stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513,676 shares of the semiconductor producer's stock after selling 103,124 shares during the period. Northern Trust Corp owned 0.06% of STMicroelectronics worth $11,280,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brooklyn Investment Group lifted its holdings in shares of STMicroelectronics by 1,275.9% during the 1st quarter. Brooklyn Investment Group now owns 4,678 shares of the semiconductor producer's stock worth $103,000 after acquiring an additional 4,338 shares during the period. Summit Securities Group LLC purchased a new position in STMicroelectronics in the first quarter valued at approximately $3,259,000. American Century Companies Inc. raised its holdings in STMicroelectronics by 3.6% in the first quarter. American Century Companies Inc. now owns 537,317 shares of the semiconductor producer's stock valued at $11,799,000 after buying an additional 18,906 shares during the period. Fox Run Management L.L.C. purchased a new position in STMicroelectronics in the first quarter valued at approximately $245,000. Finally, Caitong International Asset Management Co. Ltd raised its holdings in STMicroelectronics by 396.4% in the first 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 period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

STMicroelectronics stock traded down $0.12 during mid-day trading on Wednesday, reaching $25.83. The company's stock had a trading volume of 6,142,393 shares, compared to its average volume of 5,781,352. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $23.20 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 4.08 and a beta of 1.62. 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 $27.97 and a 200-day moving average price of $25.89.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results 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 company had revenue of $2.77 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

STM has been the topic of several research reports. Citigroup restated a "buy" rating on shares of STMicroelectronics in a report on Thursday, September 4th. Craig Hallum downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research report on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research report on Friday, July 25th. TD Cowen decreased their price target on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, July 25th. Finally, Susquehanna raised their price target on shares of STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $32.06.

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.