Highbridge Capital Management Cut Its Stmicroelectronics N V (STM) Holding by $31.55 Million; Aureus Asset Management Has Trimmed Its Stake in Svb Financial Group (SIVB) by $637,488 as Stock Price Declined

May 18, 2018 - By Richard Conner

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Glenn Russell Dubin decreased its stake in Stmicroelectronics N V (STM) by 81.88% based on its latest 2017Q4 regulatory filing with the SEC. Highbridge Capital Management Llc sold 1.50M shares as the company’s stock rose 2.70% while stock markets declined. The hedge fund run by Glenn Russell Dubin held 332,500 shares of the semiconductors company at the end of 2017Q4, valued at $7.26 million, down from 1.84 million at the end of the previous reported quarter. Highbridge Capital Management Llc who had been investing in Stmicroelectronics N V for a number of months, seems to be less bullish one the $21.56 billion market cap company. The stock increased 0.38% or $0.09 during the last trading session, reaching $23.92. About 2.48M shares traded. STMicroelectronics N.V. (NYSE:STM) has risen 45.26% since May 18, 2017 and is uptrending. It has outperformed by 33.71% the S&P500.

Aureus Asset Management Llc decreased its stake in Svb Financial Group (SIVB) by 3.49% based on its latest 2017Q4 regulatory filing with the SEC. Aureus Asset Management Llc sold 2,736 shares as the company’s stock declined 1.03% with the market. The institutional investor held 75,644 shares of the major banks company at the end of 2017Q4, valued at $17.68 million, down from 78,380 at the end of the previous reported quarter. Aureus Asset Management Llc who had been investing in Svb Financial Group for a number of months, seems to be less bullish one the $17.13 billion market cap company. The stock increased 0.39% or $1.27 during the last trading session, reaching $323.36. About 608,400 shares traded. SVB Financial Group (NASDAQ:SIVB) has risen 33.86% since May 18, 2017 and is uptrending. It has outperformed by 22.31% the S&P500.

Another recent and important STMicroelectronics N.V. (NYSE:STM) news was published by Seekingalpha.com which published an article titled: “STMicroelectronics +5% on Q1 results” on April 25, 2018.

Analysts await STMicroelectronics N.V. (NYSE:STM) to report earnings on July, 25. They expect $0.30 EPS, up 76.47% or $0.13 from last year’s $0.17 per share. STM’s profit will be $270.38M for 19.93 P/E if the $0.30 EPS becomes a reality. After $0.28 actual EPS reported by STMicroelectronics N.V. for the previous quarter, Wall Street now forecasts 7.14% EPS growth.

Among 12 analysts covering STMicroelectronics (NYSE:STM), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. STMicroelectronics had 24 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was downgraded by Zacks to “Hold” on Wednesday, August 5. The rating was maintained by Craig Hallum with “Buy” on Thursday, October 27. The stock has “Buy” rating by Craig Hallum on Thursday, October 26. The company was upgraded on Thursday, January 11 by Credit Suisse. The firm has “Hold” rating given on Wednesday, January 27 by Kepler Cheuvreux. Craig Hallum maintained the stock with “Buy” rating in Wednesday, September 13 report. Robert W. Baird maintained it with “Buy” rating and $28.0 target in Thursday, October 26 report. The firm has “Hold” rating by Kepler Cheuvreux given on Friday, January 26. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, January 4. Stifel Nicolaus upgraded the stock to “Buy” rating in Tuesday, June 27 report.

Highbridge Capital Management Llc, which manages about $32.39B and $5.61B US Long portfolio, upped its stake in Winnebago Inds Inc (Call) (NYSE:WGO) by 14,900 shares to 21,500 shares, valued at $1.20M in 2017Q4, according to the filing. It also increased its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 15,797 shares in the quarter, for a total of 20,597 shares, and has risen its stake in Arcelormittal Sa Luxembourg.

More notable recent SVB Financial Group (NASDAQ:SIVB) news were published by: Nasdaq.com which released: “Why SVB Financial Group, Exact Sciences, and Sprint Jumped Today” on April 27, 2018, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Mixed; Phillips 66 Earnings Beat Views” published on April 27, 2018, Seekingalpha.com published: “SVB Financial’s (SIVB) CEO Greg Becker on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. More interesting news about SVB Financial Group (NASDAQ:SIVB) were released by: Nasdaq.com and their article: “Mid-Day Market Update: DMC Global Surges Following Q1 Results; Biglari Holdings Shares Plummet” published on April 27, 2018 as well as Finance.Yahoo.com‘s news article titled: “Here’s Why SVB Financial Group Is Soaring Today” with publication date: April 28, 2018.

Since February 2, 2018, it had 0 buys, and 11 selling transactions for $9.85 million activity. BECKER GREGORY W sold $707,087 worth of stock or 3,028 shares. 1,028 shares were sold by Cox Philip C, worth $311,489 on Tuesday, May 1. $624,854 worth of stock was sold by DRAPER MICHELLE on Tuesday, February 20. Edmonds-Waters Christopher also sold $1.12M worth of SVB Financial Group (NASDAQ:SIVB) shares. $480,576 worth of SVB Financial Group (NASDAQ:SIVB) was sold by Husain Kamran F.

Analysts await SVB Financial Group (NASDAQ:SIVB) to report earnings on July, 26. They expect $3.86 EPS, up 66.38% or $1.54 from last year’s $2.32 per share. SIVB’s profit will be $204.48 million for 20.94 P/E if the $3.86 EPS becomes a reality. After $3.63 actual EPS reported by SVB Financial Group for the previous quarter, Wall Street now forecasts 6.34% EPS growth.

Among 18 analysts covering SVB Financial Group (NASDAQ:SIVB), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. SVB Financial Group had 70 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Monday, April 30 by Maxim Group. The firm has “Buy” rating by DA Davidson given on Friday, August 28. The stock of SVB Financial Group (NASDAQ:SIVB) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The rating was maintained by Stephens on Friday, July 28 with “Buy”. The firm earned “Buy” rating on Monday, August 14 by Keefe Bruyette & Woods. The stock has “Overweight” rating by Morgan Stanley on Wednesday, November 11. The stock of SVB Financial Group (NASDAQ:SIVB) has “Overweight” rating given on Friday, October 9 by Barclays Capital. The stock of SVB Financial Group (NASDAQ:SIVB) earned “Neutral” rating by Piper Jaffray on Tuesday, October 13. Jefferies maintained SVB Financial Group (NASDAQ:SIVB) rating on Friday, August 11. Jefferies has “Buy” rating and $21600 target. The rating was maintained by Morgan Stanley on Monday, April 30 with “Overweight”.

Aureus Asset Management Llc, which manages about $874.10M and $645.96 million US Long portfolio, upped its stake in Spdr S&P 500 Growth Etf (SPYG) by 16,500 shares to 22,000 shares, valued at $726,000 in 2017Q4, according to the filing. It also increased its holding in Charter Communications Inc. Class A by 3,270 shares in the quarter, for a total of 48,099 shares, and has risen its stake in Visa Inc. Class A (NYSE:V).

SVB Financial Group (NASDAQ:SIVB) Institutional Positions Chart

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