Public Employees Retirement System of Ohio Sells 121,066 Shares of STMicroelectronics N.V. $STM

Key Points

• The Public Employees Retirement System of Ohio significantly reduced its stake in STMicroelectronics N.V. by selling 121,066 shares, resulting in a 97.3% decrease in its holdings during the 2nd quarter.
• STMicroelectronics reported a Q2 earnings miss with $0.06 EPS, while revenue of $2.77 billion exceeded analyst estimates of $2.71 billion.
• Analyst ratings for STMicroelectronics are mixed, with an average rating of "Hold" and a target price of $32.06, reflecting differing opinions on the stock's future performance.

Public Employees Retirement System of Ohio reduced its position in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 97.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,398 shares of the semiconductor producer's stock after selling 121,066 shares during the period. Public Employees Retirement System of Ohio's holdings in STMicroelectronics were worth $103,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of STM. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 1,085 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 63.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock worth $48,000 after buying an additional 838 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 2,553 shares during the period. SBI Securities Co. Ltd. boosted its holdings 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 purchasing an additional 1,209 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in STMicroelectronics by 184.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,848 shares of the semiconductor producer's stock valued at $87,000 after purchasing an additional 1,847 shares during the period. 5.05% of the stock is owned by institutional investors.

Analyst Ratings Changes

STM has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of STMicroelectronics in a report on Thursday, September 4th. Barclays reissued an "underweight" rating on shares of STMicroelectronics in a report on Tuesday, September 16th. BNP Paribas raised shares of STMicroelectronics from a "hold" rating to an "outperform" rating in a report on Thursday, September 4th. The Goldman Sachs Group set a $26.50 price target on shares of STMicroelectronics and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, Susquehanna increased their price objective on shares of STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.06.

STMicroelectronics Trading Down 2.7%

Shares of STMicroelectronics stock opened at $28.15 on Wednesday. The stock has a market capitalization of $25.28 billion, a P/E ratio of 40.79, a price-to-earnings-growth ratio of 5.93 and a beta of 1.66. 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 company has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $26.26. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last announced 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 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. Research analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal 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.

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