QRG Capital Management Inc. Has $302,000 Stock Holdings in STMicroelectronics N.V. $STM

QRG Capital Management Inc. decreased its position in shares of STMicroelectronics N.V. (NYSE:STM) by 74.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,692 shares of the semiconductor producer’s stock after selling 31,513 shares during the period. QRG Capital Management Inc.’s holdings in STMicroelectronics were worth $302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rothschild Investment LLC raised its stake in STMicroelectronics by 248.4% in the 2nd quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after purchasing an additional 929 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of STMicroelectronics during the 2nd quarter worth approximately $57,000. IFP Advisors Inc increased 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 during the period. Parkside Financial Bank & Trust raised 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 valued at $76,000 after buying an additional 1,338 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of STMicroelectronics by 27.5% in the second quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock valued at $82,000 after buying an additional 578 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 0.0%

Shares of STMicroelectronics stock opened at $29.02 on Friday. The firm’s 50 day moving average is $25.89 and its 200 day moving average is $26.76. The firm has a market capitalization of $26.06 billion, a PE ratio of 50.03, a price-to-earnings-growth ratio of 3.62 and a beta of 1.56. STMicroelectronics N.V. has a 1 year low of $17.25 and a 1 year high of $33.47. The company has a current ratio of 3.22, a quick ratio of 2.28 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of STMicroelectronics in a research note on Wednesday. Susquehanna raised their price target on STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. TD Cowen reaffirmed a “hold” rating on shares of STMicroelectronics in a research note on Friday, October 24th. Robert W. Baird set a $45.00 target price on shares of STMicroelectronics in a report on Friday, October 24th. Finally, Mizuho set a $28.00 target price on shares of STMicroelectronics in a research report on Friday, January 9th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, STMicroelectronics presently has an average rating of “Hold” and an average target price of $31.19.

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.