STMicroelectronics N.V. $STM Position Lowered by Greenland Capital Management LP

Key Points

• Greenland Capital Management cut its STMicroelectronics position by 82.5% in the second quarter, selling 41,249 shares and retaining 8,723 shares valued at approximately $653,000.
• STMicroelectronics reported quarterly EPS of $0.31, ahead of the $0.26 consensus, while revenue reached $3.49 billion versus the $3.46 billion estimate. Analysts expect full-year EPS of $1.30.
• Wall Street’s consensus rating is “Moderate Buy”, with seven Buy ratings and five Holds and an average price target of $76.17, compared with the stock’s $52.23 opening price.

Greenland Capital Management LP trimmed its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 82.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,723 shares of the semiconductor producer's stock after selling 41,249 shares during the period. Greenland Capital Management LP's holdings in STMicroelectronics were worth $653,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in STMicroelectronics by 3,746.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,000 shares of the semiconductor producer's stock worth $26,000 after buying an additional 974 shares during the last quarter. Portus Wealth Advisors LLC bought a new stake in shares of STMicroelectronics in the 1st quarter valued at approximately $32,000. Continuum Advisory LLC acquired a new stake in shares of STMicroelectronics during the 2nd quarter valued at approximately $34,000. Public Employees Retirement System of Ohio acquired a new stake in shares of STMicroelectronics during the 1st quarter valued at approximately $45,000. Finally, Advisory Services Network LLC bought a new position in STMicroelectronics during the third quarter worth $52,000. Institutional investors and hedge funds own 5.05% of the company's stock.

STMicroelectronics Trading Down 0.0%

Shares of NYSE STM opened at $52.23 on Monday. STMicroelectronics N.V. has a 12-month low of $21.11 and a 12-month high of $81.42. The company has a market cap of $46.91 billion, a price-to-earnings ratio of 102.41 and a beta of 1.93. 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 $57.93 and its 200 day simple moving average is $53.32.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.46 billion. Equities research analysts expect that STMicroelectronics N.V. will post 1.3 EPS for the current year.

Wall Street Analyst Weigh In

STM has been the subject of a number of research reports. Bank of America raised shares of STMicroelectronics from a "neutral" rating to a "buy" rating and set a $100.00 price objective for the company in a report on Wednesday, June 10th. Wall Street Zen raised shares of STMicroelectronics from a "hold" rating to a "buy" rating in a report on Saturday, July 25th. Craig Hallum restated a "buy" rating and issued a $70.00 price target on shares of STMicroelectronics in a research report on Thursday, July 23rd. UBS Group set a $100.00 price target on shares of STMicroelectronics in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of STMicroelectronics in a research report on Friday, August 21st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, STMicroelectronics presently has a consensus 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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