Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) announced its Q3 2022 financial results, reporting net revenues of $4.32 billion, a gross margin of 47.6%, and an operating margin of 29.4%. The company achieved net income of $1.10 billion or $1.16 per diluted share, marking a 35.2% year-over-year revenue increase. Year-to-date figures show net revenues of $11.70 billion and net income of $2.71 billion. Looking ahead, STM projects Q4 net revenues of $4.40 billion and expects a gross margin of 47.3%.

STMicroelectronics has launched the STM32WB5MMGH6 wireless module, targeting Industry 4.0 applications. This module enhances industrial productivity while minimizing waste and pollution. It integrates essential components, simplifying development for IoT applications, and supports protocols like Bluetooth LE 5.3 and Zigbee 3.0. Lead customer I-care Group utilizes this technology for predictive maintenance, claiming it can prevent over 99% of industrial breakdowns. The module is available for $6 for large orders and supported by a 10-year product longevity commitment.

STMicroelectronics announced the completion of share repurchases from October 3 to October 7, 2022.

A total of 252,682 shares were bought back, representing 0.03% of its issued capital, at a weighted average price of EUR 33.7456, totaling EUR 8,526,896.92.

After these transactions, the company holds 5,247,409 treasury shares, accounting for approximately 0.6% of issued capital.

STMicroelectronics has announced the timing for its third quarter 2022 earnings release, scheduled for October 27, 2022, before trading opens on the European Stock Exchanges. A conference call with analysts and investors will follow at 9:30 a.m. CET / 3:30 a.m. ET the same day. The earnings report and live webcast of the call will be available on the Company's website. STMicroelectronics is committed to sustainability, aiming for carbon neutrality by 2027, supporting various sectors, including mobility and energy management.

Software République unveiled the Mobilize Powerbox®, a secure and connected charging station for electric vehicles (EVs) at the 2022 Paris Motor Show, held on October 6, 2022. This innovative technology aims to enhance access to charging, manage electricity networks intelligently, and address cybersecurity risks. The charging station, ranging from 7 to 22 kW, combines expertise from Orange, Renault, STMicroelectronics, and Thales. The product will be marketed in 2023, aiming to support renewable energy use and promote ecological transition.

STMicroelectronics announced plans to build the first integrated Silicon Carbide (SiC) substrate manufacturing facility in Europe, located in Catania, Italy. This facility aims to meet the rising demand for SiC devices in automotive and industrial sectors as companies transition to electrification. The investment of €730 million over five years, supported by the Italian government, will create around 700 jobs. Production is expected to start in 2023, enhancing ST’s vertical integration strategy and supporting its goal of 40% internal substrate sourcing by 2024.

STMicroelectronics has introduced the AIS25BA, an advanced automotive MEMS accelerometer designed for road noise cancellation in electric vehicles (EVs). This sensor enhances in-cabin comfort by actively measuring and eliminating road noise through noise-cancelling techniques. With the lowest electrical noise in its class, the AIS25BA achieves superior accuracy in vibration control. It features a fast response time, low latency of 266µs, and a wide frequency response, making it ideal for modern vehicles. Priced at $3.90 for 1000 pieces, the AIS25BA is compliant with AEC-Q100 and available now.

STMicroelectronics has disclosed its common share repurchase program, executing buybacks of 74,179 shares between September 26 and September 28, 2022. The shares were purchased at an average price of EUR 34.3690, totaling approximately EUR 2.55 million. Following these transactions, STMicroelectronics holds a total of 4,994,727 treasury shares, amounting to about 0.5% of its issued share capital. This buyback program reflects the company's commitment to enhancing shareholder value.

Smart Eye and STMicroelectronics have partnered to develop a high-sensitivity 1-LED Driver Monitoring System (DMS) optimized for automotive applications. This collaboration combines Smart Eye's advanced driver monitoring algorithms with ST's automotive-grade global-shutter imager, achieving significant power and cost reductions. The DMS, demonstrated at AutoSens and InCabin events in Brussels, utilizes a single LED, contrasting typical systems that require multiple LEDs. This innovation aims to enhance road safety while lowering operational costs for automakers.