Stmicro Stock Price, News & Analysis

STMicroelectronics has reported its share repurchase program details for the period from January 30 to February 3, 2023. During this time, the company bought back 141,926 shares, accounting for 0.02% of its issued share capital, at a total cost of EUR 6,271,163.09 and a weighted average price of EUR 44.1861 per share. The repurchase aims to fulfill obligations related to employee share option programs. Following these transactions, STMicroelectronics holds 8,245,888 treasury shares, approximately 0.9% of its issued capital.

STMicroelectronics has launched the world’s first MCU Edge-AI Developer Cloud to facilitate embedded AI technology deployment. This innovative platform allows developers to benchmark AI models on STM32 microcontrollers, simplifying hardware and software decision-making.

The STM32Cube.AI Developer Cloud includes an online interface for generating optimized C-code, access to a rich repository of AI models, and the first service for remote benchmarking of edge-AI Neural Networks. This tool aims to accelerate development phases for AI applications, offering notable performance insights.

STMicroelectronics has reported the details of its common share repurchase program for the period spanning from January 23, 2023 to January 27, 2023. During this period, the company repurchased 155,753 ordinary shares, approximately 0.02% of its issued share capital, for a total expenditure of EUR 6,278,379.44 at a weighted average price of EUR 40.3098 per share. The objective of the buyback was to fulfill obligations related to share option programs for employees and management. Following this buyback, STMicroelectronics holds a total of 8,107,436 treasury shares, or about 0.9% of its issued share capital.

STMicroelectronics reported robust Q4 and FY 2022 financial results. Q4 net revenues reached $4.42 billion, with a gross margin of 47.5% and net income of $1.25 billion, equating to $1.32 diluted EPS. For FY 2022, net revenues rose 26.4% to $16.13 billion, driven by strong demand in automotive and industrial sectors. Operating margin improved to 27.5%, and net income nearly doubled to $3.96 billion. The company anticipates Q1 2023 net revenues of $4.20 billion and gross margin of 48.0%. Investments in CAPEX totaled $3.52 billion, generating free cash flow of $1.59 billion.

STMicroelectronics has announced the execution of its common share repurchase program from January 16 to January 20, 2023. During this period, the company repurchased 164,178 ordinary shares, equivalent to 0.02% of its issued share capital, at a weighted average price of EUR 38.4685, amounting to EUR 6,315,689.05 in total. The repurchase aims to fulfill obligations from share option programs for employees and management bodies. Following these transactions, STMicroelectronics retains 7,951,683 treasury shares, representing approximately 0.9% of its issued share capital. The company continues to prioritize shareholder value through strategic buybacks.

STMicroelectronics announced details of its common share repurchase program from January 9 to January 13, 2023, acquiring 171,529 shares, which is 0.02% of its issued share capital. The total expenditure was EUR 6,360,559.01, with an average purchase price of EUR 37.0815 per share. The repurchase aims to meet obligations from share option programs for employees and management. Following this period, the company holds 7,787,505 treasury shares, representing 0.9% of its capital. This buyback reflects STMicroelectronics' commitment to enhancing shareholder value and managing its capital structure.

STMicroelectronics has launched the STM32C0 series microcontrollers, designed as the most affordable entry to the STM32 family, now in high-volume production. These 32-bit MCUs are targeted at cost-sensitive applications like home appliances and industrial equipment and are covered by a 10-year longevity program. The STM32C0 series enhances functionality while maintaining a low price point and power consumption. Featuring up to 48MHz operation, they support a range of peripherals, making them suitable for modern applications.

STMicroelectronics announces the timing for its Q4 and full year 2022 earnings release, scheduled for January 26, 2023. The earnings report will be available before European markets open. Following the release, a conference call will take place at 9:30 a.m. CET to discuss the financial results and the business outlook. The call will be accessible via a live webcast on the company’s website and will remain available for replay until February 10, 2023.

STMicroelectronics and eYs3D Microelectronics are set to showcase their collaboration on high-quality 3D stereo-vision cameras for machine vision and robotics at CES 2023. The live demonstrations will highlight advancements in stereo video and depth camera technologies, enhancing capabilities such as feature recognition and autonomous guidance. Key products include the Ref-B6 and Ref-B3 ASV cameras, utilizing ST’s global shutter image sensors and eYs3D’s CV processor for optimal performance. Both companies aim to drive innovation in stereo vision applications across various sectors.