STMicroelectronics sees RBC stake cut alongside other fund buying
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.