STOCK TITAN

STMicroelectronics N.V. - $STM STOCK NEWS

Welcome to our dedicated page for STMicroelectronics N.V. news (Ticker: $STM), a resource for investors and traders seeking the latest updates and insights on STMicroelectronics N.V. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect STMicroelectronics N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of STMicroelectronics N.V.'s position in the market.

Rhea-AI Summary

STMicroelectronics announced the full details of its common share repurchase program, disclosing transactions in own shares from April 29, 2024, to May 3, 2024. The Company repurchased 219,100 ordinary shares (0.02% of issued share capital) at a weighted average price of EUR 37.5386 per share, totaling EUR 8,224,698.35. The repurchase was to meet obligations from debt financial instruments exchangeable into equity instruments. The Company now holds 11,327,749 treasury shares, around 1.2% of the issued share capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.6%
Tags
buyback
-
Rhea-AI Summary

STMicroelectronics announced the status of its common share repurchase program, disclosing transactions in own shares from April 22, 2024, to April 26, 2024. In this period, the company repurchased 151,419 ordinary shares, equal to 0.02% of its issued share capital, at a weighted average purchase price per share of EUR 37.7248, totaling EUR 5,712,252.36. These transactions were made to meet obligations arising from debt financial instruments that are exchangeable into equity instruments. The company now holds 11,170,110 treasury shares, approximately 1.2% of its issued share capital.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
buyback
-
Rhea-AI Summary
STMicroelectronics reported its 2024 first-quarter financial results with net revenues of $3.47 billion, gross margin at 41.7%, operating margin at 15.9%, and net income of $513 million. The company's Q1 free cash flow was $(134) million after Net Capex of $967 million. The business outlook for Q2 includes net revenues of $3.2 billion and a gross margin of 40%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
Rhea-AI Summary
STMicroelectronics announces the status of its common share repurchase program, disclosing transactions in own shares from April 15, 2024, to April 19, 2024. The company repurchased 246,784 ordinary shares, equal to 0.03% of its issued share capital, at a weighted average purchase price per share of EUR 37.9238, totaling EUR 9,358,989.65. The purpose of these transactions was to meet obligations arising from debt financial instruments. The company now holds a total of 11,018,691 treasury shares, representing approximately 1.2% of the issued share capital. Detailed transaction information is available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
buyback
-
Rhea-AI Summary
ROHM Group Company SiCrystal and STMicroelectronics have expanded their silicon carbide wafer supply agreement to support device manufacturing capacity ramp-up for automotive and industrial customers worldwide. The agreement is valued at a minimum of $230 million for larger volumes of 150mm SiC substrate wafers manufactured in Nuremberg, Germany.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
Tags
none
-
Rhea-AI Summary
STMicroelectronics releases its 2024 Sustainability Report, showcasing progress towards carbon neutrality and sustainable growth. Key highlights include a 45% decrease in GHG emissions, 71% sourcing of electricity from renewables, and 12.2% of net revenues invested in R&D.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
Tags
none
Rhea-AI Summary
STMicroelectronics announces the status of its common share repurchase program, disclosing transactions in own shares from April 8, 2024, to April 12, 2024. The company repurchased 190,000 ordinary shares, equal to 0.02% of its issued share capital, at a weighted average purchase price of EUR 39.3620 per share, totaling EUR 7,478,783.50. The purpose of the transactions was to meet obligations from debt financial instruments exchangeable into equity instruments. The Company now holds a total of 10,771,907 treasury shares, approximately 1.2% of its issued share capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.07%
Tags
buyback
-
Rhea-AI Summary
STMicroelectronics (STM) and Centrica Energy sign a 10-year agreement for the supply of renewable energy in Italy. The deal supports STM's goal of becoming carbon neutral by 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
Tags
none
-
Rhea-AI Summary
STMicroelectronics announces details of its common share repurchase program, disclosing transactions in own shares from April 2 to April 5, 2024. The company repurchased 148,522 ordinary shares at a weighted average price of EUR 39.3354, totaling EUR 5,842,179.31. The purpose was to meet obligations from debt financial instruments exchangeable into equity instruments. STMicroelectronics now holds 1.2% of its issued share capital as treasury shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.1%
Tags
buyback
Rhea-AI Summary
STMicroelectronics (NYSE: STM) has announced the timing for its first quarter 2024 earnings release and conference call. The earnings will be released on April 25, 2024, before the opening of trading on European Stock Exchanges. The company will conduct a conference call to discuss its financial results and business outlook on the same day at 9:30 a.m. Central European Time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.55%
Tags
STMicroelectronics N.V.

NYSE:STM

STM Rankings

STM Stock Data

36.32B
651.38M
5.47%
0.93%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States of America
Plan Les Ouates

About STM

STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.