William Blair Investment Management LLC Buys New Shares in STMicroelectronics N.V. $STM

Key Points

• William Blair Investment Management LLC has purchased 8,355 shares of STMicroelectronics N.V., representing a new investment valued at approximately $254,000 in the second quarter.
• Analysts have mixed views on STMicroelectronics; while Deutsche Bank and Citigroup maintain a "buy" rating, Weiss Ratings has downgraded the stock to a "sell" rating.
• STMicroelectronics reported a quarterly revenue of $2.77 billion, exceeding analyst estimates, but posted earnings per share of $0.06, falling short of the expected $0.10.

William Blair Investment Management LLC bought a new stake in STMicroelectronics N.V. (NYSE:STM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,355 shares of the semiconductor producer's stock, valued at approximately $254,000.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in STMicroelectronics by 139.6% in the first quarter. Farther Finance Advisors LLC now owns 1,862 shares of the semiconductor producer's stock valued at $41,000 after purchasing an additional 1,085 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in 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 acquiring an additional 838 shares during the last quarter. IFP Advisors Inc lifted its stake in STMicroelectronics by 85.4% in the second quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer's stock valued at $69,000 after acquiring an additional 1,045 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 2,553 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in 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 acquiring an additional 1,209 shares during the last quarter. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Stock Performance

NYSE STM opened at $30.21 on Tuesday. The firm has a 50-day moving average of $27.47 and a 200-day moving average of $26.72. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.96 and a current ratio of 2.74. The stock has a market cap of $27.14 billion, a PE ratio of 43.79, a P/E/G ratio of 6.02 and a beta of 1.66. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47.

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 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, sell-side analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

STM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of STMicroelectronics in a research note on Friday, July 25th. Baird R W upgraded shares of STMicroelectronics from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Weiss Ratings cut shares of STMicroelectronics from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, October 8th. Citigroup reiterated a "buy" rating on shares of STMicroelectronics in a research note on Thursday, September 4th. Finally, Susquehanna increased their price target 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. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, STMicroelectronics presently has an average rating of "Hold" and an average 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.

Want to see what other hedge funds are holding STM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STMicroelectronics N.V. (NYSE:STM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.