Transcend Capital Advisors LLC Invests $206,000 in STMicroelectronics N.V. $STM

Transcend Capital Advisors LLC bought a new position in STMicroelectronics N.V. (NYSE:STM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 6,773 shares of the semiconductor producer’s stock, valued at approximately $206,000.

Several other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of STMicroelectronics by 136.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 278,766 shares of the semiconductor producer’s stock worth $8,477,000 after acquiring an additional 160,874 shares in the last quarter. Ingalls & Snyder LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $7,430,000. Ethic Inc. grew its position in shares of STMicroelectronics by 27.6% in the 2nd quarter. Ethic Inc. now owns 45,471 shares of the semiconductor producer’s stock worth $1,369,000 after acquiring an additional 9,842 shares in the last quarter. Denali Advisors LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $423,000. Finally, West Tower Group LLC acquired a new position in shares of STMicroelectronics in the 2nd quarter worth approximately $243,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Trading Down 0.9%

Shares of STM stock opened at $24.46 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.28 and a current ratio of 3.22. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $33.47. The stock has a fifty day moving average of $27.51 and a two-hundred day moving average of $27.04. The firm has a market capitalization of $21.96 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 4.59 and a beta of 1.66.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on STM shares. Barclays restated an “underweight” rating on shares of STMicroelectronics in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of STMicroelectronics in a research report on Friday, July 25th. Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Thursday, September 4th. TD Cowen reduced their price objective on STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Finally, Cowen restated a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, STMicroelectronics presently has a consensus rating of “Hold” and an average price target 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.