Stmicro Stock Price, News & Analysis

STMicroelectronics has announced the results of its common share repurchase program conducted from November 21 to November 25, 2022. During this period, the company repurchased 110,645 shares at an average price of EUR 37.0375, totaling approximately EUR 4.1 million. The repurchase aims to fulfill obligations related to employee share options and is part of a broader buyback initiative approved by shareholders in May 2021. Following these transactions, STMicroelectronics holds 6,991,558 treasury shares, representing about 0.8% of its issued capital.

STMicroelectronics has achieved EMVCo certification for its STPay-Topaz-Bio biometric payment platform, streamlining time-to-market for card issuers. This platform integrates a biometric secure element and a low-power microcontroller, enhancing security and interoperability with payment systems. The biometric payment card market is forecasted to grow at over 200% CAGR through 2026. ST's secure element and microcontroller support contact and contactless transactions, making this certification a significant step for the company and its partners.

STMicroelectronics announced the details of its common share repurchase program, disclosing transactions from November 7 to 11, 2022. A total of 253,114 shares were repurchased at an average price of EUR 33.0010, totaling EUR 8,353,014.70. This buyback represents 0.03% of the company's issued share capital. The repurchase aims to meet obligations from employee share options and other allocations. Currently, STMicroelectronics holds a total of 6,766,955 treasury shares, approximately 0.7% of its total issued capital.

STMicroelectronics (NYSE: STM) showcased innovative technologies at electronica 2022, held from November 15-18 in Munich, Germany. The focus was on smarter mobility, energy efficiency, and industrial applications. Key highlights included advanced electrification solutions for electric vehicles, demonstrations of energy-saving technologies, and Industrial AI systems for factory automation. ST presented over 35 demos, illustrating their commitment to enhancing performance, safety, and connectivity across various sectors.

STMicroelectronics has partnered with Thales to enhance contactless functionality in the Google Pixel 7 smartphone using the ST54K single-chip NFC controller and secure element. This collaboration ensures superior performance for embedded SIM, transit ticketing, and digital car key applications. The ST54K, recognized for its low power consumption and robust security (CC EAL5+ certified), simplifies device design while supporting essential NFC functionalities. Launched on October 7, the Pixel 7 integrates this technology for enhanced user experience and security in contactless transactions.

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.