Transcend Capital Advisors LLC Purchases New Stake in STMicroelectronics N.V. $STM

Transcend Capital Advisors LLC purchased a new stake in shares of STMicroelectronics N.V. (NYSE:STM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,773 shares of the semiconductor producer’s stock, valued at approximately $206,000.

Several other large investors have also recently bought and sold shares of the business. CWM LLC raised its position in STMicroelectronics by 27.5% during the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after buying an additional 578 shares during the period. PNC Financial Services Group Inc. raised its position in STMicroelectronics by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 12,930 shares of the semiconductor producer’s stock valued at $284,000 after buying an additional 650 shares during the period. Gallacher Capital Management LLC raised its position in STMicroelectronics by 5.0% during the first quarter. Gallacher Capital Management LLC now owns 14,746 shares of the semiconductor producer’s stock valued at $324,000 after buying an additional 702 shares during the period. Smartleaf Asset Management LLC grew 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 purchasing an additional 838 shares in the last quarter. Finally, IFP Advisors Inc increased its position in STMicroelectronics by 85.4% in the 2nd quarter. IFP Advisors Inc now owns 2,269 shares of the semiconductor producer’s stock worth $69,000 after purchasing an additional 1,045 shares during the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

STMicroelectronics Price Performance

NYSE STM opened at $24.46 on Friday. STMicroelectronics N.V. has a twelve month low of $17.25 and a twelve month high of $33.47. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22. The stock has a market capitalization of $21.96 billion, a PE ratio of 42.16, a P/E/G ratio of 4.59 and a beta of 1.66. The stock has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $27.04.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings data on Thursday, October 23rd. The semiconductor producer reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.07. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.18 billion. STMicroelectronics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Research analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Wall Street Analyst Weigh In

STM has been the topic of several research reports. The Goldman Sachs Group set a $26.50 target price on STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, July 25th. Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Citigroup reaffirmed a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. Baird R W raised STMicroelectronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, BNP Paribas Exane raised STMicroelectronics from a “neutral” rating to an “outperform” rating and set a $31.00 target price on the stock in a research report on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.19.

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.