Royal Bank of Canada Has $18.59 Million Stake in STMicroelectronics N.V. $STM

Key Points

• Royal Bank of Canada increased its stake in STMicroelectronics by 25.2%, owning a total of 846,263 shares valued at approximately $18.59 million.
• STMicroelectronics reported earnings that fell short of analyst expectations, with an EPS of $0.06, missing the consensus estimate of $0.10.
• Despite mixed analyst ratings, the average consensus price target for STMicroelectronics stands at $32.06, indicating potential upside for investors.

Royal Bank of Canada grew its stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 25.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846,263 shares of the semiconductor producer's stock after purchasing an additional 170,274 shares during the period. Royal Bank of Canada owned about 0.09% of STMicroelectronics worth $18,585,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ABC Arbitrage SA lifted its holdings in shares of STMicroelectronics by 55.1% during 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 during the last quarter. Foresight Global Investors Inc. purchased a new stake in shares of STMicroelectronics during the first quarter valued at $11,154,000. BNP Paribas Financial Markets lifted its holdings in shares of STMicroelectronics by 59.9% during the first quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer's stock valued at $53,825,000 after purchasing an additional 918,263 shares during the last quarter. Ridgewood Investments LLC lifted its holdings 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 valued at $289,000 after purchasing an additional 10,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of STMicroelectronics by 40.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer's stock valued at $1,381,000 after purchasing an additional 18,030 shares during the last quarter. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Up 4.0%

STM stock traded up $1.04 during mid-day trading on Monday, hitting $26.95. The stock had a trading volume of 8,640,005 shares, compared to its average volume of 5,784,224. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $33.47. The company has a fifty day moving average of $27.63 and a 200 day moving average of $25.89. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 4.07 and a beta of 1.62.

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 the consensus estimate of $0.10 by ($0.04). STMicroelectronics had a return on equity of 4.55% and a net margin of 5.49%.The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. On average, equities analysts expect that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STM shares. The Goldman Sachs Group set a $26.50 price target on STMicroelectronics and gave the company a "neutral" rating in a research report on Friday, July 25th. Citigroup reissued a "buy" rating on shares of STMicroelectronics in a research report on Thursday, September 4th. Susquehanna upped their price target on STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research report on Friday, July 25th. Finally, TD Cowen dropped their price target 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 research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.06.

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.