Henry James International Management Inc. Sells 11,302 Shares of STMicroelectronics (NYSE:STM)

Henry James International Management Inc. decreased its holdings in shares of STMicroelectronics (NYSE:STM - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 155,443 shares of the semiconductor producer's stock after selling 11,302 shares during the period. STMicroelectronics makes up about 1.4% of Henry James International Management Inc.'s holdings, making the stock its 23rd largest holding. Henry James International Management Inc.'s holdings in STMicroelectronics were worth $3,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of STMicroelectronics by 26.5% during the 3rd quarter. Van ECK Associates Corp now owns 8,195,521 shares of the semiconductor producer's stock valued at $228,655,000 after buying an additional 1,719,257 shares in the last quarter. Two Sigma Advisers LP increased its stake in STMicroelectronics by 674.2% in the third quarter. Two Sigma Advisers LP now owns 1,396,700 shares of the semiconductor producer's stock valued at $41,524,000 after acquiring an additional 1,216,300 shares during the last quarter. Raymond James & Associates raised its position in STMicroelectronics by 25.3% during the third quarter. Raymond James & Associates now owns 192,372 shares of the semiconductor producer's stock valued at $5,719,000 after purchasing an additional 38,874 shares in the last quarter. International Assets Investment Management LLC bought a new stake in STMicroelectronics during the third quarter worth about $4,158,000. Finally, Quantbot Technologies LP boosted its holdings in shares of STMicroelectronics by 174.3% in the 3rd quarter. Quantbot Technologies LP now owns 97,063 shares of the semiconductor producer's stock worth $2,886,000 after purchasing an additional 61,682 shares in the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STM. TD Cowen downgraded STMicroelectronics from a "buy" rating to a "hold" rating and dropped their target price for the stock from $32.00 to $25.00 in a research report on Monday, January 13th. Sanford C. Bernstein downgraded shares of STMicroelectronics from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. Susquehanna cut their price objective 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. Morgan Stanley upgraded 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 research analyst has rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $31.26.

STMicroelectronics Trading Down 1.9 %

Shares of NYSE:STM traded down $0.46 during midday trading on Monday, hitting $24.23. 8,728,856 shares of the stock traded hands, compared to its average volume of 7,318,110. The company has a quick ratio of 2.37, a current ratio of 3.11 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $21.89 billion, a PE ratio of 14.60, a P/E/G ratio of 1.16 and a beta of 1.51. STMicroelectronics has a one year low of $21.36 and a one year high of $49.05. The business's 50 day moving average is $24.76 and its two-hundred day moving average is $26.66.

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

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.