Candriam S.C.A. Lowers Holdings in STMicroelectronics N.V. $STM

Candriam S.C.A. reduced its position in shares of STMicroelectronics N.V. (NYSE:STM) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,525 shares of the semiconductor producer’s stock after selling 22,914 shares during the period. Candriam S.C.A.’s holdings in STMicroelectronics were worth $3,208,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Peterson Wealth Services boosted its stake in 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 buying an additional 1,142 shares during the period. Rothschild Investment LLC boosted its position in shares of STMicroelectronics by 248.4% during the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock valued at $40,000 after acquiring an additional 929 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of STMicroelectronics during the 2nd quarter valued at about $57,000. IFP Advisors Inc grew its holdings in shares of STMicroelectronics by 85.4% during the second 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 in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of STMicroelectronics by 114.3% in the second quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock worth $76,000 after purchasing an additional 1,338 shares during the last quarter. Institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research report on Friday, October 24th. Robert W. Baird set a $45.00 price objective on shares of STMicroelectronics in a report on Friday, October 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of STMicroelectronics in a research report on Wednesday, January 21st. Susquehanna raised their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Mizuho set a $28.00 price target on STMicroelectronics in a research note on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.93.

STMicroelectronics Price Performance

Shares of STMicroelectronics stock opened at $34.95 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.36 and a quick ratio of 2.43. STMicroelectronics N.V. has a one year low of $17.25 and a one year high of $35.07. The business’s 50 day simple moving average is $27.77 and its two-hundred day simple moving average is $26.64. The stock has a market capitalization of $31.39 billion, a P/E ratio of 194.19 and a beta of 1.59.

STMicroelectronics (NYSE:STM) last issued its earnings results on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). STMicroelectronics had a return on equity of 2.70% and a net margin of 1.41%.The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.29 billion. Analysts forecast that STMicroelectronics N.V. will post 0.85 EPS for the current year.

STMicroelectronics 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.