Stmicro Stock Price, News & Analysis

STMicroelectronics has disclosed details of its common share repurchase program from August 8 to August 12, 2022. During this period, the company repurchased 173,679 ordinary shares at a weighted average price of EUR 36.8721, totaling EUR 6,403,910.21. Following these buybacks, STMicroelectronics holds 3,768,290 treasury shares, representing approximately 0.4% of its issued capital. This move is part of the company’s strategy to enhance shareholder value, demonstrating confidence in its long-term growth potential.

STMicroelectronics has launched TouchGFX 4.20, enhancing graphics on STM32 microcontrollers. This version supports the new NeoChrom graphics accelerator, offering features like full-screen rotation and texture mapping. The NeoChrom accelerator boosts embedded graphics performance, making them comparable to application processors found in smartphones. Panasonic highlights how TouchGFX improves productivity and brand recognition in their home appliances. The software is available for free, streamlining user interface design.

STMicroelectronics has disclosed the status of its common share repurchase program. From August 1 to August 5, 2022, the company repurchased 169,969 shares, representing 0.02% of its capital, at an average price of EUR 37.8806, totaling EUR 6,438,527.38. Following these transactions, STMicroelectronics now holds 3,594,611 shares in treasury, equivalent to 0.4% of its issued capital. The buyback program aims to enhance shareholder value and reinforce stock price stability.

STMicroelectronics announced the completion of its common share repurchase program between July 25, 2022 and July 29, 2022, acquiring 184,030 shares, or 0.02% of its issued capital, at an average price of EUR 35.1075, totaling EUR 6,460,830.06. This buyback reinforces the company's commitment to enhancing shareholder value. Post-buyback, STMicroelectronics holds 4,596,425 treasury shares, representing approximately 0.5% of its issued capital.

STMicroelectronics (NYSE: STM) reported strong Q2 2022 financial results, with net revenues of $3.84 billion, a gross margin of 47.4%, and net income of $867 million.

Year-over-year, revenues rose by 28.3%, and net income doubled. For H1 2022, revenues totaled $7.38 billion with a gross margin of 47.1%. The Q3 outlook predicts further growth, with expected revenues of $4.24 billion, up 32.6% year-over-year. Full-year revenue guidance is projected between $15.9 billion and $16.2 billion.

STMicroelectronics has reported significant details regarding its common share repurchase program that ran from July 18 to July 22, 2022. During this period, the company repurchased 194,835 shares, which is 0.02% of its issued capital, for a total of EUR 6,472,890.30 at an average price of EUR 33.2224 per share. Post-repurchase, STMicroelectronics holds a total of 4,412,395 treasury shares, representing around 0.5% of its issued capital. This reflects the company's commitment to enhancing shareholder value.

Volkswagen’s CARIAD and STMicroelectronics are collaborating to co-develop an automotive system-on-chip (SoC) aimed at enhancing software-defined vehicles. This innovative partnership marks the first direct involvement of CARIAD with Tier 2 and Tier 3 semiconductor suppliers, including TSMC, which will manufacture SoC wafers. The new SoC is designed to be integrated into all electronic control units, boosting efficiency and standardizing operations across the Volkswagen Group's vehicles. The initiative is pivotal for future-proofing their supply chain and optimizing vehicle performance.

STMicroelectronics has announced the details of its common share repurchase program conducted from July 11 to July 15, 2022. During this period, the company repurchased a total of 210,462 ordinary shares, representing 0.02% of its issued share capital, for an overall cost of EUR 6,568,407.90 at a weighted average price of EUR 31.2095 per share. Following these transactions, STMicroelectronics now holds 4,217,560 treasury shares, accounting for approximately 0.5% of its issued share capital.

STMicroelectronics hosted French President Emmanuel Macron for the launch of the "Electronique 2030" Program at its Crolles site. This initiative is part of a five-year strategic program supporting R&D and the industrial deployment of microelectronics, contributing to the European Microelectronics and Communications Technologies (IPCEI ME/CT). The program aims to enhance France's position in the semiconductor industry, supporting advancements in energy-efficient technologies and applications for the Internet of Things and smart mobility.