This morning we watched STMicroelectronics drop -2.9% to a price of $28.03 per share. The Large-Cap Semiconductors company is now trading -32.41% below its average target price of $41.47. Analysts have set target prices ranging from $35.0 to $46.35 per share for STMicroelectronics, and have given the stock an average rating of buy.
STMicroelectronics's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 1.29. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 7.2%. In conclusion, we believe there is mixed market sentiment regarding STMicroelectronics.
Institutions Invested in STMicroelectronics
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Van Eck Associates Corporation | 1% | 6,476,264 | $181,529,684 |
| 2024-06-30 | Blackrock Inc. | 1% | 5,595,899 | $156,853,052 |
| 2024-06-30 | Goldman Sachs Group Inc | 0% | 4,143,057 | $116,129,890 |
| 2024-06-30 | Capital International Investors | 0% | 3,155,323 | $88,443,705 |
| 2024-06-30 | Bank of America Corporation | 0% | 2,876,396 | $80,625,381 |
| 2024-06-30 | Grantham, Mayo, Van Otterloo & Co. LLC | 0% | 2,675,819 | $75,003,208 |
| 2024-06-30 | Shaw D.E. & Co., Inc. | 0% | 2,445,839 | $68,556,868 |
| 2024-06-30 | Dimensional Fund Advisors LP | 0% | 2,311,888 | $64,802,222 |
| 2024-06-30 | Morgan Stanley | 0% | 2,300,018 | $64,469,506 |
| 2024-06-30 | Rafferty Asset Management, LLC | 0% | 2,140,124 | $59,987,677 |
