STMicroelectronics N.V. $STM Stock Position Lifted by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in STMicroelectronics N.V. by 312.0%, owning 20,882 shares worth approximately $461,000 following the acquisition of 15,813 shares.
• Several hedge funds also boosted their holdings in STMicroelectronics during the first quarter, including ABC Arbitrage SA and Invesco Ltd., indicating strong institutional interest in the semiconductor producer.
• The company reported a quarterly EPS of $0.06, missing the consensus estimate of $0.10, while generating revenue of $2.77 billion, surpassing expectations.

Russell Investments Group Ltd. lifted its holdings in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 312.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,882 shares of the semiconductor producer's stock after purchasing an additional 15,813 shares during the quarter. Russell Investments Group Ltd.'s holdings in STMicroelectronics were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. ABC Arbitrage SA raised its position in STMicroelectronics by 55.1% in the 1st 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. Foresight Global Investors Inc. acquired a new stake in shares of STMicroelectronics during the 1st quarter worth about $11,154,000. Ridgewood Investments LLC increased its position in 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 buying an additional 10,075 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of STMicroelectronics by 146.1% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 25,585 shares of the semiconductor producer's stock valued at $562,000 after purchasing an additional 15,190 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of STMicroelectronics by 188.1% in the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer's stock valued at $111,860,000 after purchasing an additional 3,325,998 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Trading Down 1.8%

NYSE:STM traded down $0.47 on Wednesday, hitting $25.80. 10,771,271 shares of the stock were exchanged, compared to its average volume of 7,501,624. The stock has a market cap of $23.17 billion, a PE ratio of 37.39, a PEG ratio of 4.24 and a beta of 1.62. 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 fifty-two week low of $17.25 and a fifty-two week high of $33.47. The stock has a fifty day moving average of $28.47 and a 200-day moving average of $25.88.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data 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 net margin of 5.49% and a return on equity of 4.55%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. As a group, equities analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on STM shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research report on Friday, July 25th. The Goldman Sachs Group set a $26.50 target price on STMicroelectronics and gave the stock a "neutral" rating in a research report on Friday, July 25th. Robert W. Baird upgraded STMicroelectronics from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $23.00 to $50.00 in a research report on Tuesday, July 22nd. TD Cowen decreased their target price on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, July 25th. Finally, Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a research report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, STMicroelectronics currently has a consensus rating of "Hold" and a consensus target price of $32.21.

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.