STMicroelectronics (NYSE:STM) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. lessened its holdings in STMicroelectronics (NYSE:STM) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,443 shares of the semiconductor producer’s stock after selling 11,302 shares during the quarter. STMicroelectronics accounts for about 1.4% of Henry James International Management Inc.’s holdings, making the stock its 23rd biggest position. Henry James International Management Inc.’s holdings in STMicroelectronics were worth $3,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truvestments Capital LLC acquired a new stake in STMicroelectronics in the third quarter valued at $25,000. Archer Investment Corp purchased a new stake in shares of STMicroelectronics in the third quarter valued at $30,000. GAMMA Investing LLC increased its stake in shares of STMicroelectronics by 81.4% during the 4th quarter. GAMMA Investing LLC now owns 1,183 shares of the semiconductor producer’s stock valued at $30,000 after acquiring an additional 531 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in STMicroelectronics during the fourth quarter worth approximately $31,000. Finally, TD Private Client Wealth LLC grew its position in STMicroelectronics by 108.3% during the third quarter. TD Private Client Wealth LLC now owns 1,556 shares of the semiconductor producer’s stock valued at $46,000 after acquiring an additional 809 shares during the period. Institutional investors and hedge funds own 5.05% of the company’s stock.

STMicroelectronics Stock Performance

NYSE:STM opened at $24.71 on Friday. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.16 and a beta of 1.51. STMicroelectronics has a twelve month low of $21.36 and a twelve month high of $49.05. The company has a current ratio of 3.11, a quick ratio of 2.37 and a debt-to-equity ratio of 0.11. The company has a 50-day moving average of $24.78 and a 200-day moving average of $26.75.

STMicroelectronics (NYSE:STM) last announced its 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 net margin of 11.74% and a return on equity of 8.92%. Analysts forecast that STMicroelectronics will post 0.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STM shares. Jefferies Financial Group upgraded shares of STMicroelectronics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Robert W. Baird dropped their price objective on STMicroelectronics from $35.00 to $30.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. BNP Paribas began 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. Sanford C. Bernstein cut STMicroelectronics from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $33.00 to $26.00 in a research note on Wednesday, February 5th. Finally, Morgan Stanley upgraded STMicroelectronics from an “underweight” rating to an “equal weight” rating in a research note on Thursday, February 13th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.