Armstrong Advisory Group Inc. Sells 439 Shares of STMicroelectronics N.V. $STM

Armstrong Advisory Group Inc. cut its stake in STMicroelectronics N.V. (NYSE:STM) by 30.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,000 shares of the semiconductor producer’s stock after selling 439 shares during the quarter. Armstrong Advisory Group Inc.’s holdings in STMicroelectronics were worth $30,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ABC Arbitrage SA grew its position in shares of STMicroelectronics by 55.1% in the 1st 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 during the period. Foresight Global Investors Inc. purchased a new stake in shares of STMicroelectronics in the 1st quarter worth about $11,154,000. BNP Paribas Financial Markets grew its position in shares of STMicroelectronics by 59.9% in the 1st quarter. BNP Paribas Financial Markets now owns 2,451,052 shares of the semiconductor producer’s stock worth $53,825,000 after buying an additional 918,263 shares during the period. Ridgewood Investments LLC grew its position in shares of STMicroelectronics by 325.1% in the 1st quarter. Ridgewood Investments LLC now owns 13,174 shares of the semiconductor producer’s stock worth $289,000 after buying an additional 10,075 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of STMicroelectronics by 40.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 62,873 shares of the semiconductor producer’s stock worth $1,381,000 after buying an additional 18,030 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $28.66 on Wednesday. The firm’s 50-day moving average price is $27.12 and its 200-day moving average price is $26.00. The company has a quick ratio of 1.96, a current ratio of 2.74 and a debt-to-equity ratio of 0.11. The company has a market cap of $25.74 billion, a PE ratio of 41.53, a PEG ratio of 4.73 and a beta of 1.62. STMicroelectronics N.V. has a 52-week low of $17.25 and a 52-week high of $33.47.

STMicroelectronics (NYSE:STM) last announced its quarterly 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). The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. STMicroelectronics had a net margin of 5.49% and a return on equity of 4.55%. STMicroelectronics has set its Q3 2025 guidance at EPS. As a group, analysts anticipate that STMicroelectronics N.V. will post 0.85 EPS for the current year.

Analyst Ratings Changes

STM has been the topic of a number of recent research reports. The Goldman Sachs Group set a $26.50 target price on shares of STMicroelectronics and gave the stock a “neutral” rating in a research report on Friday, July 25th. Barclays reaffirmed an “underweight” rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. Susquehanna increased their price objective on shares of STMicroelectronics from $30.00 to $40.00 and gave the company a “positive” rating in a research report on Tuesday, July 22nd. Citigroup reissued a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. Finally, Oddo Bhf raised shares of STMicroelectronics to an “outperform” rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and a consensus price target of $32.06.

STMicroelectronics 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.