Sei Investments Co. Sells 58,092 Shares of STMicroelectronics N.V. $STM

Sei Investments Co. cut its holdings in STMicroelectronics N.V. (NYSE:STM) by 66.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,325 shares of the semiconductor producer’s stock after selling 58,092 shares during the quarter. Sei Investments Co.’s holdings in STMicroelectronics were worth $1,013,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of STM. Midwest Trust Co lifted its position in STMicroelectronics by 0.8% during the first quarter. Midwest Trust Co now owns 54,447 shares of the semiconductor producer’s stock valued at $1,881,000 after purchasing an additional 406 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of STMicroelectronics by 5.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,062 shares of the semiconductor producer’s stock worth $348,000 after buying an additional 479 shares during the last quarter. Inspire Investing LLC raised its position in shares of STMicroelectronics by 5.0% during the 1st quarter. Inspire Investing LLC now owns 10,261 shares of the semiconductor producer’s stock valued at $355,000 after buying an additional 488 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of STMicroelectronics by 13.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,405 shares of the semiconductor producer’s stock valued at $115,000 after buying an additional 509 shares in the last quarter. Finally, Earnest Partners LLC lifted its holdings in shares of STMicroelectronics by 3.2% in the 4th quarter. Earnest Partners LLC now owns 17,282 shares of the semiconductor producer’s stock valued at $448,000 after acquiring an additional 534 shares during the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Down 1.5%

Shares of NYSE STM opened at $54.20 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $66.06 and a two-hundred day simple moving average of $50.85. The firm has a market cap of $48.68 billion, a PE ratio of 106.28 and a beta of 1.95. STMicroelectronics N.V. has a twelve month low of $21.11 and a twelve month high of $81.42.

STMicroelectronics (NYSE:STM) last posted its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.05. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a return on equity of 4.30% and a net margin of 3.56%. Analysts expect that STMicroelectronics N.V. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on STM shares. Robert W. Baird set a $90.00 price objective on STMicroelectronics in a research note on Friday, April 24th. Craig Hallum reaffirmed a “buy” rating and issued a $70.00 price objective on shares of STMicroelectronics in a research note on Thursday, July 23rd. The Goldman Sachs Group dropped their target price on STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a report on Monday, July 27th. TD Cowen reissued a “hold” rating on shares of STMicroelectronics in a research report on Monday, July 13th. Finally, UBS Group set a $100.00 price target on STMicroelectronics in a report on Wednesday, June 10th. Eight investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, STMicroelectronics has an average rating of “Moderate Buy” and a consensus price target of $71.65.

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.