William Blair Investment Management LLC has acquired a new stake in STMicroelectronics N.V. (NYSE: STM), purchasing 8,355 shares valued at approximately $254,000. This transaction occurred in the second quarter and was reported in the firm’s latest disclosure to the Securities and Exchange Commission (SEC). The activity reflects a growing interest in the semiconductor sector, particularly among institutional investors.
Several other hedge funds have also adjusted their positions in STMicroelectronics. Notably, Farther Finance Advisors LLC increased its stake by an impressive 139.6% during the first quarter, bringing its total to 1,862 shares valued at $41,000. Similarly, Smartleaf Asset Management LLC raised its stake by 63.1%, acquiring an additional 838 shares to reach a total of 2,167 shares worth $48,000.
Other significant increases include IFP Advisors Inc., which boosted its holdings by 85.4%, now owning 2,269 shares valued at $69,000. Furthermore, Caitong International Asset Management Co. Ltd. raised its stake by a remarkable 396.4%, resulting in ownership of 3,197 shares valued at $70,000. Lastly, SBI Securities Co. Ltd. grew its position by 57.2%, now owning 3,322 shares valued at $73,000. Overall, institutional investors currently hold 5.05% of STMicroelectronics.
Stock Performance and Analyst Ratings
As of Tuesday, STMicroelectronics stock opened at $30.21, reflecting a steady position in the market. The company has a market capitalization of $27.14 billion, a price-to-earnings (PE) ratio of 43.79, and a beta of 1.66. Significant financial metrics include a debt-to-equity ratio of 0.11, a quick ratio of 1.96, and a current ratio of 2.74. The stock’s performance over the past year has seen fluctuations, with a 52-week low of $17.25 and a high of $33.47.
Analyst opinions on STMicroelectronics have varied recently. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on July 25, while Baird R W upgraded the stock from “hold” to “strong-buy” on July 22. Conversely, Weiss Ratings downgraded the stock from a “hold (c-)” to a “sell (d+)” on October 8. Citigroup maintained a “buy” rating on September 4, and Susquehanna raised its price target from $30.00 to $40.00, giving the company a “positive” rating.
Currently, 1 analyst has rated the stock as a Strong Buy, while 8 have assigned a Buy rating, another 8 have given it a Hold rating, and 2 have rated it as a Sell. According to MarketBeat.com, STMicroelectronics holds an average rating of “Hold” and an average target price of $32.06.
About STMicroelectronics
STMicroelectronics N.V., along with its subsidiaries, designs, develops, manufactures, and sells semiconductor products across various regions, including Europe, the Middle East, Africa, the Americas, and Asia Pacific. The company’s operations are divided into three primary segments: Automotive and Discrete Group, Analog, MEMS and Sensors Group, and Microcontrollers and Digital ICs Group.
This recent uptick in investment and positive analyst sentiments may signal a strengthening outlook for STMicroelectronics as it navigates the complexities of the semiconductor market. Investors and analysts alike will be closely monitoring the company’s performance as it continues to adapt to industry demands.
