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

Other institutional investors have also recently added to or reduced their stakes in the company. ABC Arbitrage SA boosted its position in STMicroelectronics by 55.1% during the 1st quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer's stock worth $2,105,000 after purchasing an additional 34,042 shares during the period. Raymond James Financial Inc. purchased a new stake in STMicroelectronics during the 4th quarter worth $1,738,000. Foresight Global Investors Inc. purchased a new stake in STMicroelectronics during the 1st quarter worth $11,154,000. Ridgewood Investments LLC boosted its position in STMicroelectronics by 325.1% during the 1st quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock worth $289,000 after purchasing an additional 10,075 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in STMicroelectronics by 16.0% during the 4th quarter. Russell Investments Group Ltd. now owns 5,069 shares of the semiconductor producer's stock worth $127,000 after purchasing an additional 700 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

STM traded up $1.6750 on Friday, hitting $27.5550. 4,365,781 shares of the company's stock were exchanged, compared to its average volume of 7,556,378. The firm has a market cap of $24.75 billion, a PE ratio of 39.98, a P/E/G ratio of 4.09 and a beta of 1.61. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $33.47. The stock has a fifty day moving average of $28.80 and a two-hundred day moving average of $25.64. The company has a current ratio of 2.74, a quick ratio of 1.96 and a debt-to-equity ratio of 0.11.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The semiconductor producer reported $0.06 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.04). STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be paid a $0.09 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. STMicroelectronics's dividend payout ratio (DPR) is presently 44.93%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STM. Craig Hallum cut shares of STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price objective for the company. in a research report on Thursday, July 24th. TD Cowen decreased their price objective on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, July 25th. The Goldman Sachs Group set a $26.50 price objective on shares of STMicroelectronics and gave the company a "neutral" rating in a research report on Friday, July 25th. Baird R W raised shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised shares of STMicroelectronics from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $23.00 to $50.00 in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $32.21.

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.