Stmicroelectronics N.V. (STM) Market Valuation Rose While Navellier & Associates INC Upped by $6.77 Million Its Holding

March 13, 2018 - By Richard Conner

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 $12.87M, 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 $20.74B market cap company. The stock decreased 2.72% or $0.67 during the last trading session, reaching $23.92. About 2.86 million shares traded. STMicroelectronics N.V. (NYSE:STM) has risen 191.28% since March 13, 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: which released: “STMicroelectronics NV (ADR) (NYSE:STM) Trading Outlook” on August 03, 2016, also with their article: “STMicroelectronics NV (ADR) (STM) Stock Evolves to IoT Play As Sector Expands” published on July 21, 2017, published: “STMicroelectronics NV” on July 15, 2009. More interesting news about STMicroelectronics N.V. (NYSE:STM) were released by: and their article: “STMicroelectronics NV STM (US: NYSE)” published on February 11, 2011 as well as‘s news article titled: “Jim Cramer Shares His Thoughts On STMicroelectronics And Allergan” with publication date: February 27, 2018.

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. The stock of STMicroelectronics N.V. (NYSE:STM) earned “Hold” rating by Kepler Cheuvreux on Wednesday, January 27. Craig Hallum maintained STMicroelectronics N.V. (NYSE:STM) on Thursday, October 26 with “Buy” rating. Citigroup downgraded STMicroelectronics N.V. (NYSE:STM) on Wednesday, July 22 to “Neutral” rating. On Friday, July 24 the stock rating was upgraded by HSBC to “Hold”. The stock has “Hold” rating by Kepler Cheuvreux on Friday, January 26. The stock of STMicroelectronics N.V. (NYSE:STM) has “Buy” rating given on Thursday, October 27 by Craig Hallum. Natixis maintained it with “Buy” rating and $9.10 target in Monday, September 14 report. As per Tuesday, June 27, the company rating was upgraded by Stifel Nicolaus. The rating was downgraded by Morgan Stanley on Wednesday, January 4 to “Underweight”. The company was downgraded on Friday, September 2 by Bank of America.

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