Tenaris's 15min chart shows MACD Death Cross and Bollinger Bands expanding downward.

The 15-minute chart for Tenaris currently indicates a significant trend shift, as the MACD Death Cross and expanding downward Bollinger Bands suggest that the stock price has the potential to continue declining. The prevailing market trend is being driven by sellers, indicating a notable shift towards a bearish market sentiment.

September 12, 2025

Tenaris S.A. (NYSE: TS) has been in the spotlight following its Q2 earnings report and recent changes in institutional holdings. The industrial products company reported earnings per share (EPS) of $0.99, surpassing the consensus estimate of $0.88, although revenue decreased by 7.1% year-over-year to $3.09 billion Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. The company's board authorized a $1.20 billion share buyback program, indicating a belief that the stock is undervalued Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1].

Institutional investors have been active in modifying their positions in Tenaris. Millennium Management LLC reduced its stake by 58.2%, owning 1,177,259 shares after selling over 1.6 million shares in the first quarter Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Meanwhile, Royal Bank of Canada increased its stake by 3.1%, acquiring an additional 13,635 shares, bringing its total ownership to 452,835 shares valued at approximately $17.71 million Royal Bank of Canada Buys 13,635 Shares of Tenaris S.A. $TS^[2].

Other institutional investors have also made notable changes. Ameriprise Financial Inc. grew its stake by 4.1%, now owning 22,934 shares worth $867,000 Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Interval Partners LP acquired a new position valued at $6,197,000 Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Lazard Asset Management LLC increased its position by 3.1%, now owning 162,052 shares worth $6,123,000 Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position by 46.5%, now owning 1,890 shares worth $71,000 Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Finally, Merewether Investment Management LP acquired a new stake worth about $20,271,000 Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1].

Analysts have also shown interest in Tenaris. Piper Sandler reduced their target price to $48.00 and set an "overweight" rating Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Wall Street Zen downgraded shares to a "hold" rating Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Sanford C. Bernstein assumed coverage and set an "outperform" rating Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Morgan Stanley cut their target price to $34.00 and set an "underweight" rating Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1]. Barclays decreased their price target to $46.00 and set an "overweight" rating Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1].

The 15-minute chart for Tenaris currently indicates a significant trend shift, with the MACD Death Cross and expanding downward Bollinger Bands suggesting potential price declines. The prevailing market trend is being driven by sellers, indicating a notable shift towards a bearish market sentiment Tenaris S.A. $TS Shares Sold by Millennium Management LLC^[1].