Stmicro Stock Price, News & Analysis

STMicroelectronics N.V. disclosed its share repurchase program details for the period from April 25 to April 29, 2022. During this time, the company bought back a total of 242,330 ordinary shares, representing 0.03% of its issued share capital, at an average price of EUR 35.4251, amounting to a total expenditure of EUR 8,584,554.53. Following this repurchase, STMicroelectronics now holds 7,543,291 treasury shares, approximately 0.8% of its issued capital. The program aims to enhance shareholder value.

NP Plastibell has introduced a groundbreaking pre-filled connected syringe featuring NFC technology from STMicroelectronics (NYSE: STM). This innovative device allows access to critical information regarding medicine legitimacy, manufacturing history, and usage recommendations. Unveiled at Pharmapack in Paris, it addresses challenges in the manufacturing process, ensuring the NFC tag withstands sterilization up to 130°C. Both companies aim to expand this technology into other medical devices, enhancing patient care and information accessibility.

STMicroelectronics (STM) reported Q1 2022 net revenues of $3.55 billion, surpassing the mid-point of its expectations, with a gross margin of 46.7% and net income of $747 million, showing significant year-over-year growth. The company cited strong demand for microcontrollers as a key driver, despite production challenges at its Shenzhen facility. Looking ahead, STM anticipates Q2 revenues of $3.75 billion, a 25.3% increase year-over-year. However, gross margin is projected to decline slightly to 46.0%.

STMicroelectronics has launched the STGesture™ recognition solution, allowing touchless controls for various applications. This system utilizes the VL53L5CX time-of-flight sensor and a dedicated software package to enable low-power gesture sensing. It ensures user privacy by eliminating the need for cameras and operates effectively in low-light conditions. The solution targets consumer and industrial markets, offering affordability and ease of integration, with initial pricing from $3.90 for 1000-piece orders.

STMicroelectronics has announced the completion of its common share repurchase program for the period from April 19 to April 22, 2022. A total of 190,739 ordinary shares were repurchased, representing 0.02% of its issued share capital, with an overall expenditure of EUR 6,753,883.05 at a weighted average price of EUR 35.4090 per share. Following this buyback, the company now holds 7,300,961 treasury shares, accounting for approximately 0.8% of its issued stock. This program aims to enhance shareholder value.

STMicroelectronics has disclosed its latest share repurchase activities conducted between April 11 and April 14, 2022. The company repurchased a total of 201,559 ordinary shares, representing 0.02% of its issued capital, at a weighted average price of €34.6420, totaling approximately €6.98 million. Following this buyback, ST holds a total of 7,110,222 treasury shares, equivalent to about 0.8% of its total issued shares, enhancing shareholder value. The repurchase program reflects STMicroelectronics' commitment to return value to its shareholders and strengthen its capital structure.

STMicroelectronics has revealed details on its common share repurchase program, originally announced in July 2021. From April 4 to April 8, 2022, the company repurchased 268,803 shares, representing 0.03% of its issued capital, for a total of EUR 9,845,665.03 at an average price of EUR 36.6278 per share. Following this buyback, STMicroelectronics holds 6,908,663 treasury shares, equating to approximately 0.8% of its issued share capital.

CEA, Soitec, GlobalFoundries, and STMicroelectronics have announced a collaboration to develop the next generation of FD-SOI technology, vital for automotive, IoT, and mobile applications. This partnership aims to enhance performance, reduce power consumption, and facilitate better integration of features essential for modern applications. The joint initiative highlights the strategic value of FD-SOI for Europe, particularly in addressing the increasing needs in 5G/6G and digitalization, while fostering a sustainable semiconductor ecosystem.

STMicroelectronics has announced it will release its Q1 2022 earnings on April 27, 2022, before trading begins on European Stock Exchanges. The earnings report will be available on the company's website. A conference call to discuss financial results and business outlook will be held at 9:30 a.m. CET / 3:30 a.m. ET on the same day. Additionally, ST will host a Capital Markets Day webcast on May 12, 2022, showcasing future strategies and growth plans. The company continues its commitment to sustainability, aiming for carbon neutrality by 2027.