Situational Awareness LP Buys Shares of 7,802,700 STMicroelectronics N.V. $STM

Situational Awareness LP acquired a new position in STMicroelectronics N.V. (NYSE:STM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,802,700 shares of the semiconductor producer’s stock, valued at approximately $584,344,000. STMicroelectronics accounts for approximately 3.0% of Situational Awareness LP’s portfolio, making the stock its 8th largest holding.

A number of other institutional investors also recently bought and sold shares of STM. Amundi bought a new stake in shares of STMicroelectronics during the 1st quarter valued at about $947,000. AQR Capital Management LLC grew its position in STMicroelectronics by 182.8% during the first quarter. AQR Capital Management LLC now owns 32,094 shares of the semiconductor producer’s stock valued at $705,000 after buying an additional 20,745 shares during the period. Legal & General Group Plc purchased a new stake in STMicroelectronics during the second quarter valued at approximately $119,000. M&T Bank Corp purchased a new stake in STMicroelectronics during the second quarter valued at approximately $303,000. Finally, EverSource Wealth Advisors LLC raised its position in STMicroelectronics by 79.1% in the second quarter. EverSource Wealth Advisors LLC now owns 4,883 shares of the semiconductor producer’s stock worth $148,000 after acquiring an additional 2,156 shares during the period. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $51.36 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.08 and a current ratio of 2.78. The company has a market cap of $46.13 billion, a P/E ratio of 100.71 and a beta of 1.93. STMicroelectronics N.V. has a 52-week low of $21.11 and a 52-week high of $81.42. The firm’s fifty day moving average is $58.31 and its two-hundred day moving average is $53.19.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results on Friday, July 24th. The semiconductor producer reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. As a group, analysts anticipate that STMicroelectronics N.V. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of STMicroelectronics from $67.50 to $60.50 and set a “neutral” rating for the company in a research report on Monday, July 27th. Wall Street Zen raised STMicroelectronics from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Wednesday, June 10th. Barclays set a $60.00 price target on STMicroelectronics in a report on Friday, July 24th. Finally, Citigroup restated a “buy” rating on shares of STMicroelectronics in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $76.17.

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.