Henry James International Management Inc. Has $3.88 Million Stock Position in STMicroelectronics (NYSE:STM)

Henry James International Management Inc. trimmed its holdings in STMicroelectronics (NYSE:STM) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 155,443 shares of the semiconductor producer’s stock after selling 11,302 shares during the quarter. STMicroelectronics makes up 1.4% of Henry James International Management Inc.’s investment portfolio, making the stock its 23rd largest position. Henry James International Management Inc.’s holdings in STMicroelectronics were worth $3,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of STM. Aigen Investment Management LP acquired a new position in STMicroelectronics in the 3rd quarter valued at $1,157,000. Clear Creek Financial Management LLC bought a new position in STMicroelectronics during the fourth quarter worth about $468,000. Point72 Asset Management L.P. acquired a new stake in STMicroelectronics in the 3rd quarter valued at $1,924,000. Diversified Trust Co bought a new stake in STMicroelectronics during the fourth quarter worth about $583,000. Finally, J2 Capital Management Inc bought a new stake in shares of STMicroelectronics during the fourth quarter worth $295,000. 5.05% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Bank of America cut STMicroelectronics from a “buy” rating to a “neutral” rating in a research note on Thursday, February 6th. Robert W. Baird cut their price target on shares of STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of STMicroelectronics in a research note on Monday, December 9th. Finally, Susquehanna lowered their price objective on STMicroelectronics from $33.00 to $28.00 and set a “positive” rating on the stock in a research note on Friday, January 31st. 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 given a strong buy rating to the company. Based on data from MarketBeat, STMicroelectronics currently has a consensus rating of “Hold” and an average target price of $31.26.

STMicroelectronics Price Performance

Shares of NYSE:STM opened at $24.71 on Friday. The firm has a 50 day simple moving average of $24.78 and a 200 day simple moving average of $26.75. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 14.89, a PEG 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 company has a debt-to-equity ratio of 0.11, a current ratio of 3.11 and a quick ratio of 2.37.

STMicroelectronics (NYSE:STM) last released its quarterly earnings results 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%. Research analysts predict that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

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.