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STMicroelectronics sees RBC stake cut alongside other fund buying

Royal Bank Of Canada logoRoyal Bank Of Canada
Sig1.25Sen-0.75Env0.00Soc0.00Gov0.00
STMicroelectronics logoSTMicroelectronics
Sig1.85Sen+2.15Env0.00Soc0.00Gov0.00

RBC trimmed its STMicroelectronics stake by selling 122,499 shares, leaving it with 249,104 shares. Other investors also increased holdings, including CIBC Private Wealth Group and Brown Brothers Harriman. STMicroelectronics reported $0.31 EPS for the quarter, beating the $0.26 consensus, with analysts showing an overall Moderate Buy bias and a mix of Buy and Hold ratings.

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