Grantham Mayo Van Otterloo & Co. LLC Lowers Holdings in STMicroelectronics N.V. $STM

Grantham Mayo Van Otterloo & Co. LLC lowered its position in STMicroelectronics N.V. (NYSE:STM) by 45.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 846,459 shares of the semiconductor producer’s stock after selling 717,730 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in STMicroelectronics were worth $23,921,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its holdings in shares of STMicroelectronics by 2.6% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 18,500 shares of the semiconductor producer’s stock worth $523,000 after buying an additional 475 shares during the period. Signaturefd LLC increased its stake in shares of STMicroelectronics by 3.4% during the third quarter. Signaturefd LLC now owns 20,598 shares of the semiconductor producer’s stock valued at $582,000 after buying an additional 677 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of STMicroelectronics by 5.6% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 13,041 shares of the semiconductor producer’s stock valued at $397,000 after buying an additional 697 shares during the period. Highland Capital Management LLC raised its holdings in shares of STMicroelectronics by 1.2% in the third quarter. Highland Capital Management LLC now owns 57,735 shares of the semiconductor producer’s stock valued at $1,632,000 after acquiring an additional 700 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of STMicroelectronics by 45.4% in the third quarter. Farther Finance Advisors LLC now owns 2,930 shares of the semiconductor producer’s stock valued at $83,000 after acquiring an additional 915 shares in the last quarter. 5.05% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STM. Susquehanna increased their target price on shares of STMicroelectronics from $35.00 to $40.00 and gave the stock a “positive” rating in a report on Monday, February 23rd. Mizuho set a $28.00 price target on shares of STMicroelectronics in a report on Friday, January 9th. Finally, Weiss Ratings cut shares of STMicroelectronics from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.93.

STMicroelectronics Trading Down 5.7%

STM opened at $31.41 on Monday. The company has a current ratio of 3.36, a quick ratio of 2.43 and a debt-to-equity ratio of 0.10. The firm has a market cap of $28.21 billion, a price-to-earnings ratio of 174.51 and a beta of 1.55. STMicroelectronics N.V. has a 12 month low of $17.25 and a 12 month high of $35.07. The stock has a fifty day moving average price of $30.31 and a 200-day moving average price of $27.58.

STMicroelectronics (NYSE:STM) last issued its quarterly earnings data on Thursday, January 29th. The semiconductor producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). STMicroelectronics had a net margin of 1.41% and a return on equity of 2.70%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.29 billion. As a group, equities research analysts anticipate that STMicroelectronics N.V. will post 0.85 earnings per share for the current fiscal year.

STMicroelectronics Company 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.