Is STMicroelectronics NV (ADR) (STM) A Good Stock To Buy?

Page 2 of 2

As aggregate interest increased, key money managers were breaking ground themselves. Millennium Management assembled the largest position in STMicroelectronics NV (ADR) (NYSE:STM). Millennium Management had $2.3 million invested in the company at the end of the quarter. Granite Point Capital also made a $2.2 million investment in the stock during the quarter. The other funds with brand new STM positions are Wojciech Uzdelewicz’s Espalier Global Management, Matthew Hulsizer’s PEAK6 Capital Management, and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners.

Let’s now review hedge fund activity in other stocks similar to STMicroelectronics NV (ADR) (NYSE:STM). We will take a look at Apollo Global Management LLC (NYSE:APO), Apartment Investment and Management Co. (NYSE:AIV), Huntington Ingalls Industries Inc (NYSE:HII), and iShares Barclays 20+ Yr Treas.Bond (ETF)(NASDAQ:TLT). This group of stocks’ market caps resemble STM’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
APO 21 272595 3
AIV 16 164712 -4
HII 32 600672 1
TLT 20 652002 0

As you can see these stocks had an average of 22 funds with bullish positions and the average amount invested in these stocks was $422 million. That figure was $110 million in STM’s case. Huntington Ingalls Industries Inc (NYSE:HII) is the most popular stock in this table. On the other hand Apartment Investment and Management Co. (NYSE:AIV) is the least popular one with only 16 bullish hedge fund positions. Compared to these stocks STMicroelectronics NV (ADR) (NYSE:STM) is even less popular than AIV. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Suggested Articles:
European Countries With The Highest Military Strength
Super Easy Country Guitar Songs For Beginners
Biggest Ecommerce Websites In The World

Disclosure: None




Page 2 of 2