Exencial Wealth Advisors LLC Sells 246,698 Shares of STMicroelectronics (NYSE:STM)

Exencial Wealth Advisors LLC reduced its position in STMicroelectronics (NYSE:STM) by 87.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,562 shares of the semiconductor producer’s stock after selling 246,698 shares during the period. Exencial Wealth Advisors LLC’s holdings in STMicroelectronics were worth $863,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $25,000. Archer Investment Corp bought a new stake in shares of STMicroelectronics in the 3rd quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in shares of STMicroelectronics by 81.4% in the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after buying an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of STMicroelectronics in the 4th quarter valued at about $31,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of STMicroelectronics by 225.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,329 shares of the semiconductor producer’s stock valued at $33,000 after buying an additional 921 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors.

STMicroelectronics Stock Performance

Shares of NYSE STM opened at $25.57 on Thursday. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $49.05. The company has a 50 day simple moving average of $24.72 and a two-hundred day simple moving average of $26.60. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.16 and a beta of 1.56.

STMicroelectronics (NYSE:STM) last posted its earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. STMicroelectronics had a net margin of 11.74% and a return on equity of 8.92%. As a group, analysts predict that STMicroelectronics will post 0.85 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 13th. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Sanford C. Bernstein cut shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. Barclays cut shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Finally, Susquehanna lowered their target price on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating for the company in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.26.

About STMicroelectronics

STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates through Automotive and Discrete Group; Analog, MEMS and Sensors Group; and Microcontrollers and Digital ICs Group segments.