STMicroelectronics N.V. $STM Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its stake in shares of STMicroelectronics N.V. (NYSE:STM) by 14.1% in the third quarter, HoldingsChannel reports. The fund owned 584,960 shares of the semiconductor producer’s stock after selling 95,750 shares during the quarter. Robeco Schweiz AG’s holdings in STMicroelectronics were worth $16,531,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Hardman Johnston Global Advisors LLC purchased a new position in STMicroelectronics during the third quarter worth approximately $10,924,000. Forum Financial Management LP acquired a new position in STMicroelectronics in the third quarter valued at $672,000. Robeco Institutional Asset Management B.V. purchased a new stake in STMicroelectronics during the third quarter valued at about $434,000. Eagle Strategies LLC increased its stake in STMicroelectronics by 21.9% during the third quarter. Eagle Strategies LLC now owns 10,227 shares of the semiconductor producer’s stock worth $289,000 after acquiring an additional 1,836 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of STMicroelectronics by 3.4% in the 3rd quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer’s stock worth $582,000 after purchasing an additional 677 shares during the period. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

Shares of STM stock opened at $28.43 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 2.28. The company’s fifty day moving average price is $25.18 and its two-hundred day moving average price is $26.92. The firm has a market capitalization of $25.53 billion, a P/E ratio of 49.02, a P/E/G ratio of 3.53 and a beta of 1.56. STMicroelectronics N.V. has a 12 month low of $17.25 and a 12 month high of $33.47.

STMicroelectronics (NYSE:STM) last announced its earnings results on Wednesday, November 5th. The semiconductor producer reported $0.29 earnings per share (EPS) for the quarter. The business had revenue of $3.19 billion for the quarter. STMicroelectronics had a return on equity of 4.06% and a net margin of 4.55%. On average, research analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STM. Barclays reiterated an “underweight” rating on shares of STMicroelectronics in a report on Tuesday, September 16th. TD Cowen decreased their price objective on shares of STMicroelectronics from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Mizuho set a $28.00 price objective on shares of STMicroelectronics in a research report on Friday. Weiss Ratings lowered shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Finally, Susquehanna increased their price target on STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.19.

About STMicroelectronics

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.