Navellier & Associates INC Boosted Stmicroelectronics N.V. (STM) Position by $6.77 Million

February 22, 2018 - By Henry Gaston

Louis Navellier increased its stake in Stmicroelectronics N.V. (STM) by 116.31% based on its latest 2017Q3 regulatory filing with the SEC. Navellier & Associates Inc bought 356,298 shares as the company’s stock rose 14.80% with the market. The hedge fund run by Louis Navellier held 662,623 shares of the semiconductors company at the end of 2017Q3, valued at $12.87 million, up from 306,325 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Stmicroelectronics N.V. for a number of months, seems to be bullish on the $18.70B market cap company. The stock decreased 1.37% or $0.3145 during the last trading session, reaching $22.5955. About 2.30 million shares traded. STMicroelectronics N.V. (NYSE:STM) has risen 191.28% since February 22, 2017 and is uptrending. It has outperformed by 174.58% the S&P500.

More notable recent STMicroelectronics N.V. (NYSE:STM) news were published by: Quotes.Wsj.com which released: “STMicroelectronics NV STM (US: NYSE)” on February 11, 2011, also Benzinga.com with their article: “Jim Cramer Weighs In On Johnson & Johnson, STMicroelectronics, And More” published on February 01, 2018, Investorplace.com published: “Make Way for STMicroelectronics NV (ADR) (STM) Stock” on June 02, 2017. More interesting news about STMicroelectronics N.V. (NYSE:STM) were released by: Livetradingnews.com and their article: “STMicroelectronics NV (ADR) (NYSE:STM) Trading Outlook” published on August 03, 2016 as well as Investorplace.com‘s news article titled: “STMicroelectronics NV (ADR) (STM) Stock Is a Stealthy Giant” with publication date: April 07, 2017.

STMicroelectronics N.V. (NYSE:STM) Ratings Coverage

Among 12 analysts covering STMicroelectronics (NYSE:STM), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. STMicroelectronics had 24 analyst reports since July 22, 2015 according to SRatingsIntel. Craig Hallum maintained STMicroelectronics N.V. (NYSE:STM) on Friday, April 28 with “Buy” rating. The stock of STMicroelectronics N.V. (NYSE:STM) has “Hold” rating given on Monday, May 15 by Stifel Nicolaus. The firm has “Underperform” rating by Bank of America given on Friday, September 2. Robert W. Baird maintained STMicroelectronics N.V. (NYSE:STM) rating on Thursday, October 26. Robert W. Baird has “Buy” rating and $28.0 target. The firm has “Hold” rating given on Friday, July 24 by HSBC. On Thursday, January 25 the stock rating was maintained by Craig Hallum with “Buy”. The stock has “Neutral” rating by Citigroup on Wednesday, July 22. On Wednesday, January 27 the stock rating was upgraded by Kepler Cheuvreux to “Hold”. The stock of STMicroelectronics N.V. (NYSE:STM) earned “Hold” rating by Kepler Cheuvreux on Friday, January 26. The rating was upgraded by J.P. Morgan to “Buy” on Tuesday, July 11.

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