PNC Financial Services Group Inc. Acquires 90,330 Shares of STMicroelectronics N.V. $STM

PNC Financial Services Group Inc. lifted its holdings in shares of STMicroelectronics N.V. (NYSE:STM) by 65.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 228,674 shares of the semiconductor producer’s stock after buying an additional 90,330 shares during the period. PNC Financial Services Group Inc.’s holdings in STMicroelectronics were worth $7,901,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Maxi Investments CY Ltd acquired a new position in STMicroelectronics during the fourth quarter worth about $2,335,000. M&T Bank Corp lifted its holdings in shares of STMicroelectronics by 243.1% in the fourth quarter. M&T Bank Corp now owns 33,299 shares of the semiconductor producer’s stock worth $864,000 after acquiring an additional 23,593 shares during the last quarter. Diversified Management Inc. acquired a new stake in shares of STMicroelectronics in the 4th quarter valued at approximately $648,000. Evergreen Capital Management LLC boosted its stake in shares of STMicroelectronics by 305.1% in the 4th quarter. Evergreen Capital Management LLC now owns 66,477 shares of the semiconductor producer’s stock valued at $1,724,000 after purchasing an additional 50,065 shares in the last quarter. Finally, Altfest L J & Co. Inc. bought a new stake in shares of STMicroelectronics during the 4th quarter valued at approximately $545,000. 5.05% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays set a $60.00 price objective on shares of STMicroelectronics in a research report on Friday. Robert W. Baird set a $90.00 target price on shares of STMicroelectronics in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of STMicroelectronics in a research note on Thursday, June 11th. TD Cowen reiterated a “hold” rating on shares of STMicroelectronics in a research note on Monday, July 13th. Finally, Bank of America upgraded STMicroelectronics from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, STMicroelectronics has an average rating of “Moderate Buy” and a consensus target price of $72.89.

Key Stories Impacting STMicroelectronics

Here are the key news stories impacting STMicroelectronics this week:

• Positive Sentiment: STMicroelectronics reported Q2 revenue of $3.49 billion and EPS of $0.31, both above analyst estimates, with results supported by stronger AI data-center and industrial demand. STMicroelectronics (STM) Q2 2026 Earnings Call Transcript
• Positive Sentiment: Management raised its AI data-center revenue ambitions, saying demand, backlog, and product mix are improving and pointing to higher revenue expectations for 2026 and 2027. SpaceX Supplier STMicroelectronics Hikes AI Data-Center Sales Goal Again
• Neutral Sentiment: Market commentary suggests investors are still weighing long-term AI upside against near-term execution issues and a recent pullback in the shares. STMicroelectronics (ENXTPA:STMPA) Stock May Be Below Fair Value On AI Revenue Ambitions
• Negative Sentiment: The company’s Q3 revenue guidance midpoint came in slightly below market expectations, fueling concerns that near-term growth may not match the enthusiasm around AI spending. STMicro’s Q3 revenue view slightly lags estimates even as chip demand recovers
• Negative Sentiment: Several reports noted that shares fell after the earnings release as investors focused on the softer outlook rather than the quarterly beat, with doubts also emerging about the durability of the AI spending boom. STMicroelectronics hit by doubts over AI spending boom

STMicroelectronics Stock Performance

STMicroelectronics stock opened at $51.39 on Monday. The business has a 50 day moving average of $70.12 and a 200-day moving average of $48.59. The company has a market capitalization of $46.16 billion, a P/E ratio of 100.76 and a beta of 1.93. STMicroelectronics N.V. has a 1 year low of $21.11 and a 1 year high of $81.42. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.78 and a quick ratio of 2.08.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, July 23rd. The semiconductor producer reported $0.31 EPS for the quarter, topping the consensus estimate of $0.26 by $0.05. STMicroelectronics had a net margin of 3.56% and a return on equity of 4.30%. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.46 billion. On average, equities research analysts predict that STMicroelectronics N.V. will post 1.22 earnings per share for the current year.

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.