Nuveen LLC Acquires Shares of 35,306 STMicroelectronics N.V. $STM

Nuveen LLC acquired a new position in STMicroelectronics N.V. (NYSE:STM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,306 shares of the semiconductor producer's stock, valued at approximately $775,000.

Several other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC increased its holdings in STMicroelectronics by 139.6% during 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 last quarter. SBI Securities Co. Ltd. boosted its position in STMicroelectronics by 57.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer's stock worth $73,000 after acquiring an additional 1,209 shares during the period. Allworth Financial LP boosted its position in STMicroelectronics by 59.0% during the 1st quarter. Allworth Financial LP now owns 3,825 shares of the semiconductor producer's stock worth $89,000 after acquiring an additional 1,420 shares during the period. Deutsche Bank AG boosted its position in STMicroelectronics by 14.5% during the 4th quarter. Deutsche Bank AG now owns 3,682 shares of the semiconductor producer's stock worth $92,000 after acquiring an additional 466 shares during the period. Finally, Whittier Trust Co. raised its stake in shares of STMicroelectronics by 5,767.5% in the 1st quarter. Whittier Trust Co. now owns 4,694 shares of the semiconductor producer's stock worth $103,000 after buying an additional 4,614 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Up 1.4%

Shares of STM traded up $0.37 on Friday, reaching $26.82. The company's stock had a trading volume of 5,470,785 shares, compared to its average volume of 7,501,005. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $33.47. The stock has a market capitalization of $24.09 billion, a PE ratio of 38.87, a PEG ratio of 4.05 and a beta of 1.62. The firm has a fifty day moving average of $28.31 and a 200-day moving average of $25.90.

STMicroelectronics (NYSE:STM - Get Free Report) last posted 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 firm had revenue of $2.77 billion during the quarter, compared to analysts' expectations 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. Equities analysts predict that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STM. TD Cowen cut their target price on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, July 25th. BNP Paribas upgraded STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. BNP Paribas Exane upgraded STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 price target for the company in a research note on Thursday. Finally, Robert W. Baird raised STMicroelectronics from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $32.06.

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.