Modera Wealth Management LLC Has $3.28 Million Holdings in STMicroelectronics (NYSE:STM)

Modera Wealth Management LLC lowered its position in shares of STMicroelectronics (NYSE:STM - Free Report) by 20.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 131,228 shares of the semiconductor producer's stock after selling 34,512 shares during the quarter. Modera Wealth Management LLC's holdings in STMicroelectronics were worth $3,277,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of STM. Stifel Financial Corp grew its holdings in shares of STMicroelectronics by 0.7% during the third quarter. Stifel Financial Corp now owns 68,885 shares of the semiconductor producer's stock worth $2,048,000 after buying an additional 493 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 during the last quarter. Moran Wealth Management LLC lifted its position in STMicroelectronics by 0.9% during the 3rd quarter. Moran Wealth Management LLC now owns 68,573 shares of the semiconductor producer's stock worth $2,039,000 after buying an additional 634 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in shares of STMicroelectronics by 1.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 65,561 shares of the semiconductor producer's stock worth $1,637,000 after buying an additional 749 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in STMicroelectronics by 108.3% in the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer's stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. Institutional investors own 5.05% of the company's stock.

STMicroelectronics Price Performance

STMicroelectronics stock traded down $0.46 during mid-day trading on Monday, reaching $24.23. 8,728,856 shares of the company were exchanged, compared to its average volume of 7,318,110. The firm has a market cap of $21.89 billion, a PE ratio of 14.60, a PEG ratio of 1.16 and a beta of 1.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37. The company has a fifty day simple moving average of $24.76 and a 200-day simple moving average of $26.66. STMicroelectronics has a 12 month low of $21.36 and a 12 month high of $49.05.

STMicroelectronics (NYSE:STM - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The semiconductor producer reported $0.37 earnings per share (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%. As a group, equities research analysts expect that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

STM has been the topic of several research analyst reports. BNP Paribas initiated coverage on STMicroelectronics in a research note on Tuesday, December 3rd. They issued a "neutral" rating and a $28.00 price objective on the stock. TD Cowen downgraded shares of STMicroelectronics from a "buy" rating to a "hold" rating and decreased their price objective for the company from $32.00 to $25.00 in a report on Monday, January 13th. Bank of America cut shares of STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Barclays lowered shares of STMicroelectronics from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley upgraded shares of STMicroelectronics from an "underweight" rating to an "equal weight" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target 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.