STMicroelectronics (NYSE:STM) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its position in shares of STMicroelectronics (NYSE:STM - Free Report) by 60.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,620 shares of the semiconductor producer's stock after selling 24,245 shares during the period. Sanctuary Advisors LLC's holdings in STMicroelectronics were worth $390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Advisers LP increased its stake in STMicroelectronics by 674.2% during the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock worth $41,524,000 after purchasing an additional 1,216,300 shares during the period. Point72 Asset Management L.P. purchased a new stake in STMicroelectronics during the 3rd quarter worth approximately $1,924,000. ABC Arbitrage SA acquired a new stake in STMicroelectronics during the 4th quarter worth approximately $1,543,000. Quantbot Technologies LP boosted its position in STMicroelectronics by 174.3% in the 3rd quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock valued at $2,886,000 after buying an additional 61,682 shares during the period. Finally, Hantz Financial Services Inc. acquired a new position in shares of STMicroelectronics in the fourth quarter worth $1,365,000. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

STMicroelectronics Stock Performance

Shares of STM traded up $0.25 during midday trading on Friday, reaching $26.16. 5,609,241 shares of the stock were exchanged, compared to its average volume of 7,454,935. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $48.75. 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 market capitalization of $23.63 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.16 and a beta of 1.56. The business's 50-day moving average price is $24.72 and its 200 day moving average price is $26.60.

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STMicroelectronics (NYSE:STM - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The semiconductor producer reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. STMicroelectronics had a return on equity of 8.92% and a net margin of 11.74%. On average, sell-side analysts expect that STMicroelectronics will post 0.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on STM shares. Jefferies Financial Group upgraded STMicroelectronics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Susquehanna reduced their price target on STMicroelectronics from $33.00 to $28.00 and set a "positive" rating on the stock in a research report on Friday, January 31st. Bank of America cut STMicroelectronics from a "buy" rating to a "neutral" rating in a research note on Thursday, February 6th. Sanford C. Bernstein cut 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 report on Wednesday, February 5th. Finally, BNP Paribas initiated coverage on shares of STMicroelectronics in a report on Tuesday, December 3rd. They set a "neutral" rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently 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.