Jefferies Group LLC Increased Its Stmicroelectronics N V (Call) (STM) Position by $12.34 Million; Market 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 $18.03 billion market cap company. The stock increased 0.50% or $0.1 during the last trading session, reaching $20.1. About 1.84M 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 Corning Inc (Put) (NYSE:GLW) by 259,779 shares to 7,100 shares, valued at $236,000 in 2019Q2, according to the filing. It also reduced its holding in Pepsico Inc (Call) (NYSE:PEP) by 82,900 shares in the quarter, leaving it with 87,100 shares, and cut its stake in Ishares Tr (IBB).

More notable recent STMicroelectronics N.V. (NYSE:STM) news were published by: Seekingalpha.com which released: “STMicroelectronics Still Counting On A Big Finish To 2019 – Seeking Alpha” on April 25, 2019, also Benzinga.com with their article: “26 Stocks Moving in Thursday’s Pre-Market Session – Benzinga” published on September 05, 2019, Investorplace.com published: “7 Internet of Things Stocks to Buy Now – Investorplace.com” on August 22, 2019. More interesting news about STMicroelectronics N.V. (NYSE:STM) were released by: Benzinga.com and their article: “12 Technology Stocks Moving In Friday’s Pre-Market Session – Benzinga” published on September 06, 2019 as well as Seekingalpha.com‘s news article titled: “STMicroelectronics’ Content Growth Opportunity Outweighs Short-Term Cyclical Pressures – Seeking Alpha” with publication date: July 29, 2019.

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