Dimensional Fund Advisors LP lowered its stake in shares of STMicroelectronics N.V. (NYSE:STM – Free Report) by 4.1% in the first quarter, Holdings Channel reports. The institutional investor owned 2,936,396 shares of the semiconductor producer’s stock after selling 126,798 shares during the period. Dimensional Fund Advisors LP’s holdings in STMicroelectronics were worth $101,376,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley increased its stake in STMicroelectronics by 40.6% during the fourth quarter. Morgan Stanley now owns 6,156,161 shares of the semiconductor producer’s stock valued at $159,691,000 after acquiring an additional 1,778,113 shares during the period. Marshall Wace LLP acquired a new position in STMicroelectronics in the 4th quarter valued at approximately $42,731,000. Invesco Ltd. lifted its position in shares of STMicroelectronics by 67.1% in the 3rd quarter. Invesco Ltd. now owns 4,003,933 shares of the semiconductor producer’s stock worth $113,151,000 after acquiring an additional 1,608,029 shares during the period. Defiance ETFs LLC bought a new stake in shares of STMicroelectronics in the 4th quarter worth approximately $39,545,000. Finally, Two Sigma Investments LP grew its holdings in shares of STMicroelectronics by 135.0% during the 3rd quarter. Two Sigma Investments LP now owns 2,322,540 shares of the semiconductor producer’s stock worth $65,635,000 after purchasing an additional 1,334,192 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.
STMicroelectronics Trading Down 3.5%
STM stock opened at $48.41 on Thursday. STMicroelectronics N.V. has a 1-year low of $21.11 and a 1-year high of $81.42. The firm has a market cap of $43.48 billion, a P/E ratio of 94.93 and a beta of 1.93. The business’s 50 day moving average is $69.41 and its 200-day moving average is $49.05. The company has a current ratio of 2.78, a quick ratio of 2.08 and a debt-to-equity ratio of 0.16.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on STM shares. Susquehanna boosted their price objective on STMicroelectronics from $60.00 to $75.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Craig Hallum reaffirmed a “buy” rating and issued a $70.00 target price on shares of STMicroelectronics in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of STMicroelectronics in a report on Thursday, June 11th. Finally, TD Cowen restated a “hold” rating on shares of STMicroelectronics in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.65.
View Our Latest Analysis on STM
STMicroelectronics Company Profile
STMicroelectronics is a global semiconductor company headquartered in Geneva, Switzerland, formed through the 1987 merger of SGS Microelettronica and Thomson Semiconducteurs. The company designs, develops and manufactures a broad range of semiconductor products and solutions that serve multiple end markets worldwide. ST’s offerings span from basic components to integrated systems, emphasizing energy-efficient and high-performance devices for modern electronics.
Product categories include microcontrollers (notably the widely used STM32 family), analog and mixed-signal ICs, power MOSFETs and power-management devices, MEMS and sensors, image sensors, and discrete semiconductors.
Read More
- Five stocks we like better than STMicroelectronics
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
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).
Receive News & Ratings for STMicroelectronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STMicroelectronics and related companies with MarketBeat.com's FREE daily email newsletter.
