Rafferty Asset Management LLC Reduces Position in STMicroelectronics N.V. $STM

Key Points

• Rafferty Asset Management LLC reduced its stake in STMicroelectronics N.V. by 9.9%, selling 220,127 shares to hold 2,004,686 shares as of the first quarter, valued at approximately $44 million.
• STMicroelectronics reported a quarterly EPS of $0.06, missing the consensus estimate of $0.10, while revenue was $2.77 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.09 per share, with a payout ratio of 52.17% and a dividend yield of 1.3%, to be paid on March 31st.

Rafferty Asset Management LLC lessened its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 9.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,004,686 shares of the semiconductor producer's stock after selling 220,127 shares during the quarter. Rafferty Asset Management LLC owned 0.22% of STMicroelectronics worth $44,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Jump Financial LLC bought a new stake in STMicroelectronics during the 1st quarter valued at $6,122,000. Smartleaf Asset Management LLC grew its stake in shares of STMicroelectronics by 63.1% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock worth $48,000 after acquiring an additional 838 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of STMicroelectronics by 14.7% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 12,344 shares of the semiconductor producer's stock worth $271,000 after acquiring an additional 1,584 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of STMicroelectronics by 47.3% in the 1st quarter. Hsbc Holdings PLC now owns 63,782 shares of the semiconductor producer's stock worth $1,375,000 after acquiring an additional 20,491 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in shares of STMicroelectronics by 1,275.9% in the 1st quarter. Brooklyn Investment Group now owns 4,678 shares of the semiconductor producer's stock worth $103,000 after acquiring an additional 4,338 shares in the last quarter. Institutional investors own 5.05% of the company's stock.

Analyst Ratings Changes

STM has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group set a $26.50 target price on shares of STMicroelectronics and gave the stock a "neutral" rating in a research note on Friday, July 25th. Craig Hallum lowered shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 target price for the company. in a research note on Thursday, July 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a report on Friday, July 25th. Finally, TD Cowen cut their price target on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.21.

STMicroelectronics Stock Performance

Shares of NYSE:STM traded down $0.57 during midday trading on Friday, reaching $27.02. The company had a trading volume of 5,728,391 shares, compared to its average volume of 6,371,786. The company's 50 day moving average price is $28.59 and its 200 day moving average price is $25.85. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. The stock has a market cap of $24.27 billion, a P/E ratio of 39.16, a P/E/G ratio of 4.24 and a beta of 1.61. 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 released 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 business 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. As a group, sell-side analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

STMicroelectronics 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.