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JPMorgan Chase & Co. Purchases 641,327 Shares of STMicroelectronics N.V. $STM
JPMorgan Chase & Co. increased its stake in STMicroelectronics N.V. by 19.1% during Q3, acquiring an additional 641,327 shares to bring its total holding to 3,990,874 shares valued at $112.78 million. Other institutional investors also adjusted their positions in the semiconductor producer. STMicroelectronics recently reported quarterly earnings that missed consensus estimates, but analysts currently rate the stock as “Hold” with a consensus price target of $31.93.