Vident Advisory LLC Makes New Investment in STMicroelectronics N.V. $STM

Key Points

• Vident Advisory LLC has acquired a new stake in STMicroelectronics, purchasing 12,925 shares valued at approximately $284,000.
• Analyst ratings for STMicroelectronics show a shift, with BNP Paribas upgrading the stock to "outperform," while TD Cowen lowered their price target from $34.00 to $27.00.
• STMicroelectronics reported a net income of $0.06 per share for the last quarter, missing expectations of $0.10, despite revenue exceeding forecasts at $2.77 billion.

Vident Advisory LLC acquired a new stake in STMicroelectronics N.V. (NYSE:STM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,925 shares of the semiconductor producer's stock, valued at approximately $284,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ABC Arbitrage SA boosted its stake in shares of STMicroelectronics by 55.1% in the first quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer's stock valued at $2,105,000 after purchasing an additional 34,042 shares during the period. Foresight Global Investors Inc. purchased a new position in shares of STMicroelectronics in the first quarter valued at approximately $11,154,000. BNP Paribas Financial Markets boosted its stake in shares of STMicroelectronics by 59.9% in the first quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer's stock valued at $53,825,000 after purchasing an additional 918,263 shares during the period. Ridgewood Investments LLC boosted its stake in shares of STMicroelectronics by 325.1% in the first quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer's stock valued at $289,000 after purchasing an additional 10,075 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of STMicroelectronics by 40.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer's stock valued at $1,381,000 after purchasing an additional 18,030 shares during the period. Hedge funds and other institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Up 4.0%

STM stock traded up $1.04 during midday trading on Monday, reaching $26.95. 8,640,005 shares of the company were exchanged, compared to its average volume of 5,784,224. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. STMicroelectronics N.V. has a 1-year low of $17.25 and a 1-year high of $33.47. The stock's 50-day simple moving average is $27.63 and its 200 day simple moving average is $25.89. The company has a market cap of $24.21 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 4.07 and a beta of 1.62.

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). 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 analyst estimates of $2.71 billion. STMicroelectronics has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Susquehanna raised their price objective on shares of STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Citigroup reaffirmed a "buy" rating on shares of STMicroelectronics in a report on Thursday, September 4th. Oddo Bhf raised shares of STMicroelectronics to an "outperform" rating in a report on Wednesday, July 2nd. TD Cowen reduced their target price on shares of STMicroelectronics from $34.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, July 25th. Finally, Baird R W raised shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, STMicroelectronics presently has an average rating of "Moderate Buy" and a consensus price target 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.