Summit Securities Group LLC Takes $3.26 Million Position in STMicroelectronics N.V. $STM

Key Points

• Summit Securities Group LLC acquired a new stake in STMicroelectronics, purchasing 148,385 shares valued at approximately $3.26 million, making it the firm's 12th largest holding.
• STMicroelectronics recently reported a quarterly earnings per share (EPS) of $0.06, missing the analysts' consensus estimate of $0.10, while demonstrating revenue of $2.77 billion for the quarter.
• The company declared a quarterly dividend of $0.09, which will be paid on March 31st, with a current yield of 1.4% and a payout ratio of 52.17%.

Summit Securities Group LLC purchased a new position in shares of STMicroelectronics N.V. (NYSE:STM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 148,385 shares of the semiconductor producer's stock, valued at approximately $3,259,000. STMicroelectronics comprises approximately 0.5% of Summit Securities Group LLC's portfolio, making the stock its 12th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. lifted 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. Two Sigma Investments LP increased its holdings in STMicroelectronics by 19.4% during the 4th quarter. Two Sigma Investments LP now owns 4,475,384 shares of the semiconductor producer's stock worth $111,750,000 after purchasing an additional 725,684 shares during the period. Voloridge Investment Management LLC raised its position in STMicroelectronics by 39.2% during the 4th quarter. Voloridge Investment Management LLC now owns 3,330,616 shares of the semiconductor producer's stock valued at $83,165,000 after purchasing an additional 938,097 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of STMicroelectronics by 35.1% during the fourth quarter. Two Sigma Advisers LP now owns 1,886,700 shares of the semiconductor producer's stock valued at $47,111,000 after buying an additional 490,000 shares during the period. Finally, Barclays PLC raised its holdings in shares of STMicroelectronics by 22.1% in the fourth quarter. Barclays PLC now owns 1,281,006 shares of the semiconductor producer's stock valued at $31,987,000 after acquiring an additional 231,668 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STM. Robert W. Baird raised shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $23.00 to $50.00 in a report on Tuesday, July 22nd. Susquehanna lifted their price target on STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. Oddo Bhf upgraded STMicroelectronics to an "outperform" rating in a research note on Wednesday, July 2nd. TD Cowen cut their target price on STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, July 25th. Finally, Baird R W upgraded shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $32.21.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock traded down $0.1150 during trading hours on Thursday, reaching $25.8850. 4,517,504 shares of the company's stock were exchanged, compared to its average volume of 7,577,375. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $28.88 and a two-hundred day moving average of $25.61. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $33.47. The company has a market capitalization of $23.25 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 4.07 and a beta of 1.61.

STMicroelectronics (NYSE:STM - Get Free Report) last posted its earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 earnings per share (EPS) 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 business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. As a group, research analysts predict that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, March 24th. STMicroelectronics's payout ratio is presently 44.93%.

About STMicroelectronics

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.