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

Exencial Wealth Advisors LLC lowered its holdings in shares of STMicroelectronics (NYSE:STM) by 87.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,562 shares of the semiconductor producer’s stock after selling 246,698 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in STMicroelectronics were worth $863,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Aigen Investment Management LP bought a new position in STMicroelectronics during the third quarter valued at $1,157,000. Clear Creek Financial Management LLC purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at $468,000. Point72 Asset Management L.P. purchased a new stake in shares of STMicroelectronics in the third quarter valued at $1,924,000. Diversified Trust Co purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at $583,000. Finally, J2 Capital Management Inc purchased a new stake in shares of STMicroelectronics in the fourth quarter valued at $295,000. Institutional investors own 5.05% of the company’s stock.

STMicroelectronics Trading Up 7.0 %

NYSE STM opened at $25.57 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.37 and a current ratio of 3.11. The company has a market capitalization of $23.10 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.56. The company’s 50-day simple moving average is $24.72 and its two-hundred day simple moving average is $26.60. STMicroelectronics has a one year low of $21.36 and a one year high of $49.05.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on STM shares. Morgan Stanley raised shares of STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. Bank of America downgraded shares of STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Barclays downgraded shares of STMicroelectronics from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein downgraded shares of STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $33.00 to $26.00 in a research note on Wednesday, February 5th. Finally, BNP Paribas assumed coverage on shares of STMicroelectronics in a research note on Tuesday, December 3rd. They issued a “neutral” rating and a $28.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, STMicroelectronics currently has an average rating of “Hold” and a consensus price target 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.