Citigroup Inc. Cuts Holdings in STMicroelectronics N.V. $STM

Citigroup Inc. reduced its position in STMicroelectronics N.V. (NYSE:STM) by 58.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 716,215 shares of the semiconductor producer’s stock after selling 1,011,738 shares during the period. Citigroup Inc.’s holdings in STMicroelectronics were worth $20,240,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Peterson Wealth Services increased its stake in STMicroelectronics by 3,086.5% in the 3rd quarter. Peterson Wealth Services now owns 1,179 shares of the semiconductor producer’s stock worth $33,000 after acquiring an additional 1,142 shares during the last quarter. Rothschild Investment LLC increased its position in STMicroelectronics by 248.4% in the second quarter. Rothschild Investment LLC now owns 1,303 shares of the semiconductor producer’s stock worth $40,000 after purchasing an additional 929 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in STMicroelectronics during the second quarter valued at $57,000. Parkside Financial Bank & Trust lifted its position in STMicroelectronics by 114.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,509 shares of the semiconductor producer’s stock valued at $76,000 after purchasing an additional 1,338 shares during the last quarter. Finally, CWM LLC grew its stake in shares of STMicroelectronics by 27.5% in the 2nd quarter. CWM LLC now owns 2,680 shares of the semiconductor producer’s stock worth $82,000 after buying an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 5.05% of the company’s stock.

Analyst Upgrades and Downgrades

STM has been the subject of a number of analyst reports. Susquehanna increased their price target on shares of STMicroelectronics from $35.00 to $40.00 and gave the company a “positive” rating in a report on Monday. Mizuho set a $28.00 price objective on STMicroelectronics in a research note on Friday, January 9th. Finally, Weiss Ratings raised STMicroelectronics from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.93.

STMicroelectronics Trading Down 0.5%

Shares of NYSE STM opened at $34.40 on Friday. STMicroelectronics N.V. has a fifty-two week low of $17.25 and a fifty-two week high of $35.07. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.43 and a current ratio of 3.36. The company has a market cap of $30.90 billion, a price-to-earnings ratio of 191.12 and a beta of 1.59. The business’s 50 day moving average price is $29.49 and its 200-day moving average price is $27.27.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.16). STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.29 billion. On average, sell-side analysts expect that STMicroelectronics N.V. will post 0.85 earnings per share for the current year.

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.