Situational Awareness LP Acquires Shares of 7,802,700 STMicroelectronics N.V. $STM

Key Points

• Situational Awareness LP acquired 7.8 million STMicroelectronics shares in the second quarter, valued at approximately $584.3 million. The position represents about 0.87% of STM and 3% of the fund’s portfolio.
• STMicroelectronics exceeded quarterly expectations, reporting $0.31 in earnings per share versus the $0.26 consensus estimate and $3.49 billion in revenue against forecasts of $3.46 billion.
• Analyst sentiment remains positive, with seven Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $76.17, well above the reported $51.36 share price.

Situational Awareness LP bought a new position in STMicroelectronics N.V. (NYSE:STM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 7,802,700 shares of the semiconductor producer's stock, valued at approximately $584,344,000. STMicroelectronics makes up approximately 3.0% of Situational Awareness LP's portfolio, making the stock its 8th largest holding. Situational Awareness LP owned 0.87% of STMicroelectronics as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. denkapparat Operations GmbH bought a new stake in shares of STMicroelectronics during the second quarter valued at approximately $361,000. TD Waterhouse Canada Inc. lifted its position in STMicroelectronics by 681.1% during the second quarter. TD Waterhouse Canada Inc. now owns 17,301 shares of the semiconductor producer's stock valued at $1,225,000 after buying an additional 15,086 shares during the period. Concurrent Investment Advisors LLC purchased a new position in STMicroelectronics during the second quarter valued at $217,000. AXQ Capital LP bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at $223,000. Finally, Continuum Advisory LLC purchased a new stake in shares of STMicroelectronics in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Performance

STM stock opened at $51.36 on Friday. The stock has a market capitalization of $46.13 billion, a PE ratio of 100.71 and a beta of 1.93. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16. The stock's 50 day simple moving average is $58.31 and its 200 day simple moving average is $53.19.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Friday, July 24th. The semiconductor producer reported $0.31 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%.The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.46 billion. As a group, research analysts forecast that STMicroelectronics N.V. will post 1.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STM has been the subject of several research reports. Citigroup reiterated a "buy" rating on shares of STMicroelectronics in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of STMicroelectronics in a research note on Thursday, June 11th. Mizuho cut their price objective on shares of STMicroelectronics from $84.00 to $80.00 and set an "outperform" rating on the stock in a report on Friday, July 24th. Craig Hallum reaffirmed a "buy" rating and set a $70.00 target price on shares of STMicroelectronics in a research note on Thursday, July 23rd. Finally, Bank of America upgraded shares of STMicroelectronics from a "neutral" rating to a "buy" rating and set a $100.00 target price for the company in a report on Wednesday, June 10th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $76.17.

STMicroelectronics Profile

STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST's offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.

Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.

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