Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM), a global semiconductor leader, has published its IFRS 2024 Semi Annual Accounts for the six-month period ended June 29, 2024. The accounts, prepared in accordance with International Financial Reporting Standards (IFRS-EU), have been filed with the Netherlands Authority for the Financial Markets (AFM) and are now available on both the company's website (www.st.com) and the AFM's website (www.afm.nl). This publication provides investors and stakeholders with important financial information about STMicroelectronics' performance for the first half of 2024, allowing for a comprehensive analysis of the company's financial position and operational results.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 12 to August 16, 2024. The company repurchased 365,500 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €27.1513 per share. The total cost of the buyback was €9,923,788.50. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,312,616 treasury shares, approximately 1.0% of its issued share capital.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 5 to August 9, 2024. The company repurchased 373,000 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €26.6520 per share, for a total of €9,941,210.60. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 8,947,116 treasury shares, approximately 1.0% of its issued share capital.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 29, 2024, to August 2, 2024. The company repurchased 428,000 ordinary shares, representing 0.05% of its issued share capital, at a weighted average purchase price of €30.41 per share, for a total of €13,015,490.70. The buyback was conducted on the Euronext Paris regulated market to meet obligations arising from employee share programs or allocations to management. Following these transactions, STMicroelectronics now holds 8,574,116 treasury shares, approximately 0.9% of its issued share capital.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 22 to July 26, 2024. The company repurchased 331,940 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €34.5040 per share. The total cost of the buyback was €11,453,255.84. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,099,607 treasury shares, approximately 1.0% of its issued share capital.

STMicroelectronics (NYSE: STM) reported Q2 2024 financial results with net revenues of $3.23 billion, a 25.3% year-over-year decrease. The gross margin was 40.1%, and net income was $353 million. The company's performance was impacted by lower demand in Automotive and Industrial sectors. For Q3 2024, ST expects net revenues of $3.25 billion and a gross margin of about 38%. The company revised its FY24 revenue forecast to $13.2-$13.7 billion with an expected gross margin of about 40%. The results reflect challenges in key segments, with Microcontrollers experiencing a significant 46% revenue decline year-over-year.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 15 to July 19, 2024. The company repurchased 254,850 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.2047 per share. The total cost of the buyback was €9,736,472.80.

The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 8,767,667 treasury shares, approximately 1.0% of its issued share capital.

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 8 to July 12, 2024. The company repurchased 238,000 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.9268 per share. The total cost of the buyback was €9,264,576.38. The primary purpose of these transactions is to meet obligations arising from debt financial instruments exchangeable into equity instruments. Following these buybacks, STMicroelectronics now holds 8,512,817 treasury shares, approximately 0.9% of its issued share capital.

STMicroelectronics announced the repurchase of 223,519 ordinary shares from July 1 to July 5, 2024, as part of its common share repurchase program. The shares were bought at a weighted average price of EUR 37.5385, totaling EUR 8,390,567.52. This program, approved in May 2024, aims to meet obligations arising from debt financial instruments exchangeable into equity. The shares may be held in treasury or used for other lawful purposes. As of July 8, 2024, STMicroelectronics holds 8,274,817 treasury shares, representing about 0.9% of its issued share capital.