Jefferies Group LLC Has Increased Stmicroelectronics N V (Call) (STM) Stake by $12.34 Million

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 $18.03 billion 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 $13.72B US Long portfolio, decreased its stake in Sysco Corp (NYSE:SYY) by 44,254 shares to 5,875 shares, valued at $415,000 in 2019Q2, according to the filing. It also reduced its holding in Cvs Health Corp (NYSE:CVS) by 1.00M shares in the quarter, leaving it with 135,835 shares, and cut its stake in Mgm Resorts International (Call) (NYSE:MGM).

More notable recent STMicroelectronics N.V. (NYSE:STM) news were published by: Globenewswire.com which released: “STMicroelectronics Reports 2019 First Quarter Financial Results Paris Stock Exchange:STM – GlobeNewswire” on April 24, 2019, also Seekingalpha.com with their article: “STMicroelectronics: This Chip Company Is A Cheaper And Less Risky Option – Seeking Alpha” published on February 05, 2019, Seekingalpha.com published: “STMicroelectronics Q4 2018 Earnings Preview – Seeking Alpha” on January 23, 2019. More interesting news about STMicroelectronics N.V. (NYSE:STM) were released by: Finance.Yahoo.com and their article: “Signal Says This Semiconductor Stock is One to Short – Yahoo Finance” published on July 02, 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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