Washington Capital Management Inc. Has $1.07 Million Stock Position in STMicroelectronics N.V. $STM

Key Points

• Washington Capital Management Inc. reduced its stake in STMicroelectronics N.V. (NYSE:STM) by 33.0%, owning 35,145 shares valued at $1,069,000 after selling 17,290 shares.
• Institutional investors own 5.05% of STMicroelectronics, with other firms like Farther Finance Advisors LLC increasing their holdings significantly.
• Analysts have set a consensus target price of $32.06 for STMicroelectronics, with ratings ranging from Strong Buy to Sell.

Washington Capital Management Inc. lessened its position in STMicroelectronics N.V. (NYSE:STM - Free Report) by 33.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 35,145 shares of the semiconductor producer's stock after selling 17,290 shares during the period. STMicroelectronics makes up about 0.8% of Washington Capital Management Inc.'s holdings, making the stock its 26th largest position. Washington Capital Management Inc.'s holdings in STMicroelectronics were worth $1,069,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of STM. Farther Finance Advisors LLC lifted its holdings in STMicroelectronics by 139.6% during the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock worth $41,000 after acquiring an additional 1,085 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of STMicroelectronics by 63.1% in the first quarter. Smartleaf Asset Management LLC now owns 2,167 shares of the semiconductor producer's stock valued at $48,000 after buying an additional 838 shares during the period. GAMMA Investing LLC raised its stake in shares of STMicroelectronics by 184.5% in the second quarter. GAMMA Investing LLC now owns 2,848 shares of the semiconductor producer's stock valued at $87,000 after buying an additional 1,847 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of STMicroelectronics by 396.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 3,197 shares of the semiconductor producer's stock valued at $70,000 after buying an additional 2,553 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of STMicroelectronics by 57.2% in the first quarter. SBI Securities Co. Ltd. now owns 3,322 shares of the semiconductor producer's stock valued at $73,000 after buying an additional 1,209 shares during the period. Institutional investors own 5.05% of the company's stock.

Analysts Set New Price Targets

STM has been the topic of several research reports. Susquehanna boosted their target price on STMicroelectronics from $30.00 to $40.00 and gave the company a "positive" rating in a research note on Tuesday, July 22nd. Craig Hallum lowered STMicroelectronics from a "buy" rating to a "hold" rating and set a $28.00 price target for the company. in a research note on Thursday, July 24th. Citigroup reissued a "buy" rating on shares of STMicroelectronics in a research note on Thursday, September 4th. Robert W. Baird raised STMicroelectronics from a "neutral" rating to an "outperform" rating and upped their price target for the company from $23.00 to $50.00 in a research report on Tuesday, July 22nd. Finally, BNP Paribas upgraded STMicroelectronics from a "hold" rating to an "outperform" rating in a report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.06.

STMicroelectronics Stock Performance

STM stock opened at $27.99 on Monday. The stock has a market capitalization of $25.14 billion, a PE ratio of 40.57, a price-to-earnings-growth ratio of 4.64 and a beta of 1.62. STMicroelectronics N.V. has a 12-month low of $17.25 and a 12-month 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 stock's 50 day simple moving average is $26.90 and its 200 day simple moving average is $26.09.

STMicroelectronics (NYSE:STM - Get Free Report) last released 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). The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate 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, research analysts forecast that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

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.

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