QRG Capital Management Inc. Sells 34,725 Shares of STMicroelectronics N.V. $STM

QRG Capital Management Inc. trimmed its stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 45.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,205 shares of the semiconductor producer's stock after selling 34,725 shares during the quarter. QRG Capital Management Inc.'s holdings in STMicroelectronics were worth $1,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Ping Capital Management Inc. bought a new position in shares of STMicroelectronics during the second quarter worth about $304,000. PFG Investments LLC bought a new stake in STMicroelectronics in the second quarter worth approximately $236,000. Janney Montgomery Scott LLC bought a new stake in STMicroelectronics in the second quarter worth approximately $464,000. Signaturefd LLC increased its holdings in STMicroelectronics by 34.0% in the second quarter. Signaturefd LLC now owns 19,921 shares of the semiconductor producer's stock worth $606,000 after purchasing an additional 5,054 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in STMicroelectronics by 23,514.6% in the second quarter. TD Private Client Wealth LLC now owns 22,670 shares of the semiconductor producer's stock worth $689,000 after purchasing an additional 22,574 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Up 2.6%

Shares of NYSE:STM opened at $28.90 on Thursday. The stock has a market cap of $25.96 billion, a price-to-earnings ratio of 41.88, a PEG ratio of 5.77 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. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $33.47. The business's 50 day moving average is $26.85 and its 200 day moving average is $26.28.

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 the consensus estimate of $0.10 by ($0.04). The company had revenue of $2.77 billion for 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. On average, sell-side analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. TD Cowen lowered their target price on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a report on Friday, July 25th. Weiss Ratings downgraded STMicroelectronics from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday. Susquehanna lifted their target price on STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Baird R W upgraded STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.

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