Stmicro Stock Price, News & Analysis

STMicroelectronics has announced its share repurchase program covering the period from March 13 to March 17, 2023. The Company repurchased 142,688 shares, which is approximately 0.02% of its issued share capital, at a weighted average price of EUR 44.9509, totaling EUR 6,413,953.20. The primary purpose of these transactions is to fulfill obligations related to share option programs for employees and management. Following the buybacks, STMicroelectronics now holds a total of 9,091,897 treasury shares, equating to around 1.0% of its issued share capital.

On March 15, 2023, Winbond Electronics Corporation and STMicroelectronics (STM) announced a strategic partnership to integrate Winbond's specialty memory ICs with ST's STM32 microcontrollers (MCUs) and microprocessors (MPUs). This collaboration aims to enhance product integration and performance while ensuring long-term availability for customers in industrial markets. The partnership focuses on combining Winbond's DDR3 RAM with STM's STM32MP1 MPUs, improving performance for applications like industrial gateways and smart devices. Additionally, Winbond's HYPERRAM supports STM's ultra-low-power MCUs, leading to significant power savings and system efficiency.

STMicroelectronics has announced full support for its STM32 microcontrollers in Microsoft Visual Studio Code as of March 14, 2023. The integration allows developers to design, code, and debug STM32 applications seamlessly within the popular IDE. This move aims to enhance accessibility for a broader audience of embedded developers, including high-level software engineers and hobbyists. The new tool extensions offer features like IntelliSense for efficient code editing and are available free of charge. This collaboration with Microsoft aims to leverage the existing developer community using VS Code and expand the reach of STM32 technology.

STMicroelectronics has reported the results of its common share repurchase program for the period from March 6 to March 10, 2023. A total of 140,714 shares were purchased at a weighted average price of EUR 45.7874, totaling EUR 6,442,932.27, representing 0.02% of its issued share capital. The program, initially approved on May 27, 2021, aims to fulfill obligations from various employee share programs. Currently, the company holds approximately 8,949,209 treasury shares, equating to about 1.0% of issued capital.

STMicroelectronics has launched its new STM32MP13 microprocessors, combining performance, security, and cost-effectiveness for advanced connected devices. These single-core MPUs are designed for applications in industrial automation, smart buildings, and smart cities, meeting the demand for low power consumption and enhanced security. Priced from $3.16 for bulk orders, they feature a 1GHz Arm Cortex-A7 core and advanced security features like Arm TrustZone. The STM32MP13 is geared towards accelerating product certification and improving user experience, marking a significant step in the evolution of smart technology.

Geneva, Switzerland, March 7, 2023 – STMicroelectronics (NYSE: STM) has announced the launch of the STM32Trust TEE Secure Manager, a pioneering microcontroller security solution that simplifies embedded application development. This innovative product leverages Arm® TrustZone® technology and complies with PSA Certified Level 3 and Global Platform SESIP 3 security specifications. Initially integrated into the new STM32H5 series, it aims to save developers time and enhance security services. This collaboration with ProvenRun and Microsoft Azure enhances device security and simplifies credential management for IoT applications, highlighting ST's commitment to high-performance, secure solutions.

STMicroelectronics has launched the STM32H5 microcontroller series, enhancing performance and security for smart applications. Featuring an Arm Cortex-M33 core clocked at 250MHz, these MCUs achieve 375 DMIPS and an industry-standard score of 1023 on the EEMBC CoreMark benchmark. The STM32Trust TEE Secure Manager simplifies security implementation, protecting IoT assets. With improved energy efficiency, the MCUs operate effectively in harsh environments up to 125°C. Prices start at $1.44 for 10,000 units. Mass production has begun, with broader availability expected in June 2023.

STMicroelectronics announced changes to its trading symbols on the Euronext platform effective March 13, 2023. The common shares listed on Euronext will now have new symbols: ‘STMMI’ for the former Borsa Italiana listing in Milan and ‘STMPA’ for the Euronext Paris listing. This change is necessary due to the migration of Borsa Italiana markets onto the Euronext trading platform, requiring separate trading symbols for each order book. Notably, the STM symbol on the New York Stock Exchange remains unchanged. STMicroelectronics is committed to becoming carbon neutral by 2027.

STMicroelectronics has announced the details of its common share repurchase program for the period between February 27, 2023, and March 3, 2023. During this time, the company repurchased 142,787 ordinary shares at a weighted average price of EUR 45.0676 per share, totaling EUR 6,435,060.65. This repurchase is intended to meet obligations from employee share option programs and may also serve other lawful purposes if not needed for this. Post-repurchase, STMicroelectronics holds 8,808,495 treasury shares, representing approximately 1.0% of its issued share capital.