Stmicro Stock Price, News & Analysis

STMicroelectronics has announced the progress of its common share repurchase program for the period from February 6 to February 10, 2023. During this time, the company bought back 139,770 ordinary shares, which is 0.02% of its issued share capital, for a total of EUR 6,347,660.54 at a weighted average price of EUR 45.4150 per share. The repurchase aims to fulfill obligations related to employee share option programs. Following these transactions, STMicroelectronics now holds 8,385,658 treasury shares, approximately 0.9% of its issued share capital.

Gridspertise and STMicroelectronics have announced an expanded collaboration on smart-meter technologies during DistribuTECH 2023. This partnership aims to enhance smart meters in the U.S. market, leveraging ST's power-line communication technology for real-time data management. Gridspertise is set to deploy this advanced Chain 2 technology to improve energy consumption awareness and enable automation features. They are also working on ANSI C communication standards and adopting new DLMS-certified standards to enhance interoperability. This strategic development aligns with U.S. federal policies promoting energy transition and grid modernization.

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.