Nova R Wealth Inc. Sells 387 Shares of STMicroelectronics N.V. $STM

Nova R Wealth Inc. decreased its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 39,604 shares of the semiconductor producer’s stock after selling 387 shares during the quarter. Nova R Wealth Inc.’s holdings in STMicroelectronics were worth $1,204,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. ABC Arbitrage SA grew its position in STMicroelectronics by 55.1% during the first quarter. ABC Arbitrage SA now owns 95,851 shares of the semiconductor producer’s stock worth $2,105,000 after buying an additional 34,042 shares in the last quarter. Foresight Global Investors Inc. acquired a new stake in shares of STMicroelectronics during the 1st quarter worth approximately $11,154,000. BNP Paribas Financial Markets increased its position in shares of STMicroelectronics by 59.9% during 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 raised 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. raised 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 in the last quarter. Institutional investors and hedge funds own 5.05% of the company’s stock.

Wall Street Analysts Forecast Growth

STM has been the topic of several analyst reports. Barclays reissued an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th. Craig Hallum cut shares of STMicroelectronics from a “buy” rating to a “hold” rating and set a $28.00 target price on the stock. in a research note on Thursday, July 24th. TD Cowen dropped their price target 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. Oddo Bhf raised STMicroelectronics to an “outperform” rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group set a $26.50 price objective on STMicroelectronics and gave the company a “neutral” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.06.

STMicroelectronics Stock Performance

NYSE:STM opened at $27.99 on Monday. The stock has a market capitalization of $25.14 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 4.64 and a beta of 1.62. 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 N.V. has a 1 year low of $17.25 and a 1 year high of $33.47. The firm has a 50 day moving average of $26.90 and a 200-day moving average of $26.09.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results 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 net margin of 5.49% and a return on equity of 4.55%. 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, sell-side analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS 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.