BNP Paribas Financial Markets Buys 918,263 Shares of STMicroelectronics N.V. $STM

Key Points

• BNP Paribas Financial Markets increased its stake in STMicroelectronics by 59.9% in the first quarter, now owning approximately 2.45 million shares valued at $53.8 million.
• Analysts have issued mixed ratings on STMicroelectronics, with two analysts giving a "Strong Buy", five a "Buy", and nine a "Hold", leading to a consensus rating of "Hold" and a target price of $32.21.
• STMicroelectronics reported earnings of $0.06 per share in its latest quarter, missing estimates, while its revenue reached $2.77 billion, exceeding expectations of $2.71 billion.

BNP Paribas Financial Markets boosted its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 59.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,451,052 shares of the semiconductor producer's stock after acquiring an additional 918,263 shares during the period. BNP Paribas Financial Markets owned 0.27% of STMicroelectronics worth $53,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ABC Arbitrage SA raised its stake 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 acquiring an additional 34,042 shares during the period. Foresight Global Investors Inc. bought a new stake in STMicroelectronics in the 1st quarter valued at about $11,154,000. Ridgewood Investments LLC raised its stake in STMicroelectronics by 325.1% in the 1st quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock valued at $289,000 after acquiring an additional 10,075 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in STMicroelectronics by 146.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 25,585 shares of the semiconductor producer's stock valued at $562,000 after buying an additional 15,190 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in STMicroelectronics by 188.1% during the 1st quarter. Invesco Ltd. now owns 5,093,785 shares of the semiconductor producer's stock valued at $111,860,000 after buying an additional 3,325,998 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Trading Up 1.8%

Shares of NYSE:STM traded up $0.45 during trading on Thursday, reaching $26.25. 6,841,635 shares of the company traded hands, compared to its average volume of 7,494,727. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 4.24 and a beta of 1.62. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11. The business's fifty day moving average is $28.39 and its 200-day moving average is $25.88.

STMicroelectronics (NYSE:STM - Get Free Report) last released 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). The company had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.71 billion. STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. STMicroelectronics has set its Q3 2025 guidance at EPS. As a group, analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on STM. BNP Paribas Exane raised STMicroelectronics from a "neutral" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Thursday. Susquehanna lifted their target price on STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Oddo Bhf raised STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. Baird R W raised STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Craig Hallum lowered STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.06.

STMicroelectronics Company 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.