STMicroelectronics N.V. $STM Shares Acquired by Analog Century Management LP

Key Points

• Analog Century Management LP increased its stake in STMicroelectronics by 27.4% in Q3, adding 598,550 shares to hold 2,780,953 shares (about 0.31% of STM) and making the stock roughly 4.2% of the fund's portfolio.
• Other large institutions — including VanEck, Bank of America, Invesco, JPMorgan and Rafferty — also materially raised positions, leaving institutional investors with about 5.05% ownership of the company.
• Analyst views are mixed: Susquehanna raised its target to $40 while Weiss Ratings downgraded to a sell and the consensus rating is a "Hold" with a $31.93 price target; meanwhile STMicroelectronics recently missed EPS ($0.11 vs. $0.27) while posting $3.33B in revenue.

Analog Century Management LP boosted its stake in STMicroelectronics N.V. (NYSE:STM - Free Report) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,780,953 shares of the semiconductor producer's stock after purchasing an additional 598,550 shares during the period. STMicroelectronics makes up about 4.2% of Analog Century Management LP's investment portfolio, making the stock its 12th biggest holding. Analog Century Management LP owned approximately 0.31% of STMicroelectronics worth $78,590,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of STMicroelectronics by 11.3% during the third quarter. Van ECK Associates Corp now owns 9,387,002 shares of the semiconductor producer's stock valued at $265,277,000 after purchasing an additional 955,243 shares during the period. Bank of America Corp DE lifted its holdings in STMicroelectronics by 43.9% in the 2nd quarter. Bank of America Corp DE now owns 4,348,569 shares of the semiconductor producer's stock worth $132,240,000 after buying an additional 1,326,020 shares in the last quarter. Invesco Ltd. boosted its position in STMicroelectronics by 67.1% in the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer's stock valued at $113,151,000 after buying an additional 1,608,029 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of STMicroelectronics by 19.1% during the third quarter. JPMorgan Chase & Co. now owns 3,990,874 shares of the semiconductor producer's stock valued at $112,782,000 after acquiring an additional 641,327 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its position in shares of STMicroelectronics by 50.7% during the second quarter. Rafferty Asset Management LLC now owns 3,020,721 shares of the semiconductor producer's stock worth $91,860,000 after acquiring an additional 1,016,035 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STM. Mizuho set a $28.00 target price on STMicroelectronics in a research report on Friday, January 9th. Susquehanna lifted their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a "positive" rating in a research note on Monday, February 23rd. Finally, Weiss Ratings downgraded shares of STMicroelectronics from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 6th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $31.93.

STMicroelectronics Price Performance

STM opened at $32.86 on Friday. The firm has a market capitalization of $29.51 billion, a P/E ratio of 182.54 and a beta of 1.55. The stock has a fifty day moving average of $31.02 and a 200-day moving average of $27.80. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month high of $35.07.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its quarterly earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.29 billion. STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. Equities analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

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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