Marshall Wace North America Purchases Company Stocks In 121896 STMicroelectronics NV (STM)

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Jane Street Group LLC raised its position in shares of STMicroelectronics N.V. (NYSE:STM) by 74.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm now has a neutral rating on the semiconductor producer's stock. Financial Architects Inc purchased a new position in STMicroelectronics N.V. during the first quarter valued at $123,000.

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of STMicroelectronics N.V.by 20.0% in the fourth quarter.

About 1.59M shares traded. Highland Capital Management LLC now owns 226,127 shares of the semiconductor producer's stock valued at $3,496,000 after buying an additional 3,630 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of STMicroelectronics N.V.by 362.4% in the first quarter. Finally, Parametric Portfolio Associates LLC raised its stake in shares of STMicroelectronics N.V.by 13.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,808 shares of the semiconductor producer's stock worth $121,000 after buying an additional 4,175 shares during the period.

The share price of the company (NYSE:STM) was up +3.28% during the last trading session, with a high of 14.84 and the volume of STMicroelectronics N.V. shares traded was 4919614. Acadian Asset Management LLC now owns 3,807,959 shares of the semiconductor producer's stock valued at $58,870,000 after buying an additional 3,286,041 shares in the last quarter. The stock has a market cap of $12.76 billion, a P/E ratio of 40.56 and a beta of 0.63. STMicroelectronics NV has a 12-month low of €4.72 and a 12-month high of €15.59. The 50 day SMA of the stock is of $16.31 along with a 200 - day SMA of $14.31.

Insider and Institutional Ownership 4.9% of STMicroelectronics N.V. shares are held by institutional investors. Analysts forecast earnings per share of $0.18, up exactly $0.14 or 350.00 % from 2014's $0.04 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter a year ago. During the same quarter past year, the business earned ($0.02) earnings per share. The firm's revenue for the quarter was up 12.9% compared to the same quarter a year ago. Zacks Investment Research's sales calculations are a mean average based on a survey of analysts that that provide coverage for STMicroelectronics N.V.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th.

STMicroelectronics N.V. was upgraded to "buy" by analysts at Stifel Nicolaus. The dividend will be $0.060 per share for the quarter or $0.24 annualized. The ex-dividend date is Friday, June 23rd. STMicroelectronics N.V.'s payout yield is 55.56%.

COPYRIGHT VIOLATION WARNING: "MARSHALL WACE ASIA Ltd Invests $1.83 Million in STMicroelectronics N.V. (STM)" was reported by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was stolen and republished in violation of USA & worldwide copyright legislation.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze.

(NYSE:STM) previously issued its earnings report on Early Thur, Apr 27th. Zacks Investment Research lowered STMicroelectronics N.V. from a "buy" rating to a "hold" rating in a report on Wednesday, June 7th. Finally, Deutsche Bank AG set a €12.00 ($13.48) price target on shares of STMicroelectronics NV and gave the company a sell rating in a report on Saturday, May 20th. Craig Hallum reiterated a "buy" rating and set a $20.00 price target on shares of STMicroelectronics N.V.in a report on Thursday, April 27th.

On September 2 the company was rated "Underperform" according to a Bank of America report a cut from the previous "Neutral" rating. Two research experts recommended the company shares with a sell recommendation, four have published a hold recommendation and five has issued a buy recommendation to The corporation. the share presently has a consensus rating of "Hold" and an average price target of $17.67.

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