Quantbot Technologies LP Sells 76,030 Shares of STMicroelectronics N.V. $STM

Key Points

• Quantbot Technologies LP significantly reduced its holdings in STMicroelectronics N.V. by 86.7%, owning only 11,686 shares valued at $257,000 after selling 76,030 shares in the first quarter.
• Several institutional investors, including Raymond James Financial Inc. and First Trust Advisors LP, increased their stakes in STMicroelectronics, reflecting a growing interest in the semiconductor producer.
• Analysts have mixed ratings for STMicroelectronics, with a consensus rating of "Hold" and an average price target of $32.21, following recent upgrades and downgrades from various firms.

Quantbot Technologies LP trimmed its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 86.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,686 shares of the semiconductor producer's stock after selling 76,030 shares during the quarter. Quantbot Technologies LP's holdings in STMicroelectronics were worth $257,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ABC Arbitrage SA raised its stake in STMicroelectronics by 55.1% in the first quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer's stock valued at $2,105,000 after purchasing an additional 34,042 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in STMicroelectronics in the fourth quarter valued at approximately $1,738,000. Foresight Global Investors Inc. purchased a new position in shares of STMicroelectronics during the first quarter worth approximately $11,154,000. Ridgewood Investments LLC raised its stake in shares of STMicroelectronics by 325.1% during the first quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock worth $289,000 after acquiring an additional 10,075 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of STMicroelectronics by 146.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 25,585 shares of the semiconductor producer's stock worth $562,000 after acquiring an additional 15,190 shares in the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Susquehanna raised their target price on shares of STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a report on Tuesday, July 22nd. Oddo Bhf upgraded shares of STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. Baird R W upgraded shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of STMicroelectronics in a report on Friday, July 25th. Finally, Robert W. Baird raised shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $23.00 to $50.00 in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $32.21.

STMicroelectronics Stock Down 2.1%

Shares of STM traded down $0.57 during trading hours on Monday, hitting $27.02. The company had a trading volume of 5,728,391 shares, compared to its average volume of 6,189,055. The firm has a fifty day moving average price of $28.59 and a 200-day moving average price of $25.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The stock has a market capitalization of $24.27 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 4.24 and a beta of 1.62. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.04). STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%.The business had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal 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.