Jefferies Group LLC Upped Stmicroelectronics N V (Call) (STM) Holding by $12.34 Million; Valuation Declined

STMicroelectronics N.V. (NYSE:STM) Logo

Jefferies Group Llc increased its stake in Stmicroelectronics N V (Call) (STM) by 4327.09% based on its latest 2019Q2 regulatory filing with the SEC. Jefferies Group Llc bought 725,826 shares as the company’s stock declined 0.44% . The institutional investor held 742,600 shares of the semiconductors company at the end of 2019Q2, valued at $13.09M, up from 16,774 at the end of the previous reported quarter. Jefferies Group Llc who had been investing in Stmicroelectronics N V (Call) for a number of months, seems to be bullish on the $18.03B market cap company. The stock increased 0.50% or $0.1 during the last trading session, reaching $20.1. About 1.84 million shares traded. STMicroelectronics N.V. (NYSE:STM) has declined 15.67% since September 13, 2018 and is downtrending. It has underperformed by 15.67% the S&P500.

Jefferies Group Llc, which manages about $13.72 billion US Long portfolio, decreased its stake in Madrigal Pharmaceuticals Inc by 49,579 shares to 46,621 shares, valued at $4.89 million in 2019Q2, according to the filing. It also reduced its holding in Caesars Entmt Corp (Call) (NASDAQ:CZR) by 658,300 shares in the quarter, leaving it with 583,700 shares, and cut its stake in Citigroup Inc (NYSE:C).

More notable recent STMicroelectronics N.V. (NYSE:STM) news were published by: Finance.Yahoo.com which released: “Why We Like STMicroelectronics N.V.’s (EPA:STM) 14% Return On Capital Employed – Yahoo Finance” on July 01, 2019, also Benzinga.com with their article: “26 Stocks Moving in Thursday’s Pre-Market Session – Benzinga” published on September 05, 2019, Streetinsider.com published: “STMicroelectronics Publishes its IFRS 2019 Semi Annual Accounts – StreetInsider.com” on August 21, 2019. More interesting news about STMicroelectronics N.V. (NYSE:STM) were released by: Globenewswire.com and their article: “STMicroelectronics Reports 2019 First Quarter Financial Results Paris Stock Exchange:STM – GlobeNewswire” published on April 24, 2019 as well as Benzinga.com‘s news article titled: “Jim Cramer Gives His Opinion On Amarin, Owens-Illinois And More – Benzinga” with publication date: August 15, 2019.

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