Sanctuary Advisors LLC Has $390,000 Position in STMicroelectronics (NYSE:STM)

Sanctuary Advisors LLC reduced its stake in shares of STMicroelectronics (NYSE:STM) by 60.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,620 shares of the semiconductor producer’s stock after selling 24,245 shares during the quarter. Sanctuary Advisors LLC’s holdings in STMicroelectronics were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new position in STMicroelectronics during the third quarter valued at approximately $25,000. Archer Investment Corp bought a new position in STMicroelectronics during the third quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in STMicroelectronics by 81.4% during the fourth quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after acquiring an additional 531 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in STMicroelectronics during the fourth quarter valued at approximately $31,000. Finally, TD Private Client Wealth LLC raised its position in STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares in the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

STMicroelectronics Trading Down 1.9 %

Shares of STMicroelectronics stock opened at $24.23 on Tuesday. The company’s fifty day simple moving average is $24.76 and its 200-day simple moving average is $26.66. The company has a market cap of $21.89 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 1.16 and a beta of 1.51. 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 1 year low of $21.36 and a 1 year high of $49.05.

STMicroelectronics (NYSE:STM) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (EPS) for the quarter, topping 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, sell-side analysts expect that STMicroelectronics will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

STM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of STMicroelectronics in a research report on Monday, December 9th. Susquehanna dropped their price target on shares of STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research report on Friday, January 31st. Sanford C. Bernstein lowered shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $33.00 to $26.00 in a research report on Wednesday, February 5th. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research report on Thursday, February 13th. Finally, Barclays lowered shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.26.

STMicroelectronics Company Profile

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.