Hardman Johnston Global Advisors LLC Sells 14,109 Shares of STMicroelectronics N.V. $STM

Hardman Johnston Global Advisors LLC decreased its position in shares of STMicroelectronics N.V. (NYSE:STM) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,431 shares of the semiconductor producer’s stock after selling 14,109 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in STMicroelectronics were worth $9,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Abound Wealth Management purchased a new stake in shares of STMicroelectronics during the fourth quarter valued at $26,000. Peterson Wealth Services increased its holdings in shares of STMicroelectronics by 3,086.5% during the third quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock valued at $33,000 after acquiring an additional 1,142 shares in the last quarter. Advisory Services Network LLC acquired a new position in STMicroelectronics in the 3rd quarter worth approximately $52,000. Farther Finance Advisors LLC increased its holdings in STMicroelectronics by 45.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,930 shares of the semiconductor producer’s stock worth $83,000 after buying an additional 915 shares during the period. Finally, Rakuten Securities Inc. increased its holdings in STMicroelectronics by 132.7% in the 2nd quarter. Rakuten Securities Inc. now owns 2,916 shares of the semiconductor producer’s stock worth $89,000 after buying an additional 1,663 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on STM shares. Weiss Ratings lowered STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Morgan Stanley raised shares of STMicroelectronics from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 26th. Susquehanna raised their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research note on Monday, February 23rd. Finally, Mizuho set a $28.00 price target on STMicroelectronics in a report on Friday, January 9th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics currently has an average rating of “Hold” and a consensus price target of $31.93.

STMicroelectronics Price Performance

STM stock opened at $39.49 on Monday. The business has a 50 day moving average price of $33.28 and a 200 day moving average price of $28.81. The stock has a market cap of $35.47 billion, a price-to-earnings ratio of 219.40 and a beta of 1.51. STMicroelectronics N.V. has a fifty-two week low of $19.50 and a fifty-two week high of $40.04. The company has a quick ratio of 2.43, a current ratio of 3.36 and a debt-to-equity ratio of 0.10.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Friday, January 30th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

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.