STMicroelectronics N.V. $STM Shares Bought by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC increased its stake in STMicroelectronics N.V. by 105.2%, holding 23,916 shares worth $727,000 after buying an additional 12,262 shares in Q2.
• Analysts have revised their ratings on STMicroelectronics, with BNP Paribas and Oddo Bhf upgrading the stock to "outperform", while the average target price is now set at $32.06.
• STMicroelectronics reported Q2 earnings of $0.06 per share, missing expectations, but had a revenue of $2.77 billion, exceeding forecasts of $2.71 billion.

Ballentine Partners LLC boosted its stake in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) by 105.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,916 shares of the semiconductor producer's stock after buying an additional 12,262 shares during the period. Ballentine Partners LLC's holdings in STMicroelectronics were worth $727,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in STMicroelectronics by 184.5% during the second quarter. GAMMA Investing LLC now owns 2,848 shares of the semiconductor producer's stock worth $87,000 after buying an additional 1,847 shares during the last quarter. Park Avenue Securities LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at $314,000. Bond & Devick Financial Network Inc. acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at $248,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter valued at $420,000. Finally, Parallel Advisors LLC lifted its stake in shares of STMicroelectronics by 221.3% in the 2nd quarter. Parallel Advisors LLC now owns 5,922 shares of the semiconductor producer's stock valued at $180,000 after purchasing an additional 4,079 shares during the last quarter. Institutional investors and hedge funds own 5.05% of the company's stock.

Analysts Set New Price Targets

STM has been the topic of several recent analyst reports. BNP Paribas raised STMicroelectronics from a "hold" rating to an "outperform" rating in a research note on Thursday, September 4th. Oddo Bhf raised STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. The Goldman Sachs Group set a $26.50 target price on STMicroelectronics and gave the stock a "neutral" rating in a research note on Friday, July 25th. Citigroup reissued a "buy" rating on shares of STMicroelectronics in a research note on Thursday, September 4th. Finally, Susquehanna increased their target price on STMicroelectronics from $30.00 to $40.00 and gave the stock a "positive" rating in a research note on Tuesday, July 22nd. One investment 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 issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.06.

STMicroelectronics Price Performance

Shares of NYSE STM opened at $27.99 on Friday. The stock's 50-day moving average is $26.90 and its two-hundred day moving average is $26.07. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.74 and a quick ratio of 1.96. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $33.47. The company has a market cap of $25.14 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 4.69 and a beta of 1.62.

STMicroelectronics (NYSE:STM - Get Free Report) last issued its quarterly 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 company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. Analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current fiscal year.

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.

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