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STMicroelectronics N.V. reports news on its semiconductor products, manufacturing strategy, financial results, and shareholder matters. The company is an integrated device manufacturer with products spanning analog and mixed-signal chips, power and discrete devices, microcontrollers, digital ICs, RF products, MEMS, image sensors, and other sensing technologies for automotive, industrial, personal electronics, cloud infrastructure, and connected-device applications.
Recurring updates include STM32 microcontroller production and supply-chain localization, ST BrightSense and ST FlightSense sensing products, AI data center power-conversion architectures, robotics vision modules, strategic customer engagements, acquisitions that expand sensor capabilities, quarterly earnings, investor presentations, annual meeting resolutions, dividends, and share-repurchase authorizations.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 26 to August 30, 2024. The company repurchased 69,670 ordinary shares, representing 0.01% of its issued share capital, at a weighted average purchase price of €28.0277 per share, for a total of €1,952,689.86. The buyback was executed on the Euronext Paris regulated market.
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 9,735,586 treasury shares, approximately 1.1% of its issued share capital. The repurchase program was approved by shareholders on May 22, 2024, and by the supervisory board.
STMicroelectronics (NYSE:STM) has joined Quintauris GmbH as its sixth shareholder, alongside Robert Bosch GmbH, Infineon Technologies AG, Nordic Semiconductor ASA, NXP Semiconductors, and Qualcomm Technologies, Inc. Quintauris, founded in December 2023, aims to advance the adoption of products based on RISC-V principles, an open-standard Instruction Set Architecture.
The company will provide access to reference architectures and assist in creating versatile, cross-industry solutions. Initially focusing on the automotive sector, Quintauris plans to expand into mobile and IoT applications. This collaboration among major semiconductor companies seeks to explore and unlock the potential of RISC-V across various industries.
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 19 to August 23, 2024. The company repurchased 353,300 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €28.0536 per share. The total cost of the buyback was €9,911,340.88. 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 9,665,916 treasury shares, approximately 1.1% of its issued share capital.
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.