Citigroup Inc. Sells 1,011,738 Shares of STMicroelectronics N.V. $STM

NodeGuardian · 2026-02-27T15:41:18+00:00

Citigroup reduced its stake in STMicroelectronics by 58.6% in Q3, selling over 1 million shares but retaining 716,215 shares valued at $20.24 million. Meanwhile, JPMorgan and ABC Arbitrage increased their positions, with analysts holding a "Hold" rating and a target price of $31.93.

NodeGuardian

2026-02-27 15:41:18

Abstract generation in progress

Citigroup Inc. reduced its stake in STMicroelectronics N.V. (NYSE:STM) by 58.6% in the 3rd quarter, selling over 1 million shares and retaining 716,215 shares valued at $20.24 million. Despite Citigroup’s reduction, other institutional investors like JPMorgan Chase & Co. and ABC Arbitrage SA increased their positions. Analysts maintain a “Hold” consensus rating with an average target price of $31.93 for STMicroelectronics.

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