Ping Capital Management Inc. Buys New Position in STMicroelectronics N.V. $STM

Key Points

• Ping Capital Management Inc. has acquired a new stake in STMicroelectronics N.V. during Q2, purchasing 10,000 shares valued at approximately $304,000.
• Several hedge funds have increased their shares in STMicroelectronics, with NBC Securities Inc. notably boosting its stake by 177,384.6% in Q1.
• Analysts have mixed ratings on STMicroelectronics, with a consensus average target price of $32.06 and eight analysts issuing a "Buy" rating.

Ping Capital Management Inc. acquired a new stake in STMicroelectronics N.V. (NYSE:STM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the semiconductor producer's stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STM. Wealth Enhancement Advisory Services LLC boosted its stake in shares of STMicroelectronics by 13.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,323 shares of the semiconductor producer's stock valued at $258,000 after buying an additional 1,184 shares during the period. GAMMA Investing LLC boosted its stake in shares of STMicroelectronics by 1,758.2% in the 1st quarter. GAMMA Investing LLC now owns 21,982 shares of the semiconductor producer's stock valued at $483,000 after buying an additional 20,799 shares during the period. NBC Securities Inc. boosted its stake in shares of STMicroelectronics by 177,384.6% in the 1st quarter. NBC Securities Inc. now owns 23,073 shares of the semiconductor producer's stock valued at $506,000 after buying an additional 23,060 shares during the period. Washington Capital Management Inc. boosted its stake in shares of STMicroelectronics by 40.1% in the 1st quarter. Washington Capital Management Inc. now owns 52,435 shares of the semiconductor producer's stock valued at $1,151,000 after buying an additional 15,020 shares during the period. Finally, Farther Finance Advisors LLC boosted its stake in shares of STMicroelectronics by 139.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock valued at $41,000 after buying an additional 1,085 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on STM shares. Craig Hallum cut 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. Robert W. Baird raised STMicroelectronics from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. Oddo Bhf raised STMicroelectronics to an "outperform" rating in a research report on Wednesday, July 2nd. BNP Paribas raised STMicroelectronics from a "hold" rating to an "outperform" rating in a research report on Thursday, September 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, STMicroelectronics presently has an average rating of "Moderate Buy" and an average target price of $32.06.

STMicroelectronics Trading Up 1.9%

STM opened at $28.89 on Friday. The firm has a market cap of $25.95 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 5.81 and a beta of 1.66. STMicroelectronics N.V. has a 52 week low of $17.25 and a 52 week high of $33.47. The business's 50 day moving average is $26.67 and its two-hundred day moving average is $26.17. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates 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, research analysts predict that STMicroelectronics N.V. will post 0.85 EPS for the current 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.

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