Stmicro Stock Price, News & Analysis

STMicroelectronics announced the status of its share repurchase program, revealing that 153,093 ordinary shares were bought back between January 3 and January 7, 2022. The total expenditure amounted to EUR 6,705,314.10, with an average purchase price of EUR 43.7990 per share, representing 0.02% of its issued capital. Following these transactions, STMicroelectronics holds a total of 4,911,956 treasury shares, equating to approximately 0.5% of its issued share capital. These actions support the company’s strategy to enhance shareholder value.

STMicroelectronics announced preliminary Q421 net revenues of $3.56 billion, exceeding the prior guidance of $3.40 billion and marking an 11.2% sequential increase. The results reflect strong performance across all end markets, contributing to a 24.9% year-over-year revenue increase for FY21, totaling $12.76 billion. The company's earnings release is scheduled for January 27, 2022, where further financial details and guidance for Q122 will be provided during a conference call at 9:30 a.m. CET.

STMicroelectronics announced its common share repurchase program, detailing transactions conducted from Dec 20 to Dec 24, 2021. In this period, the company repurchased 22,896 ordinary shares at an average price of EUR 41.0890, totaling EUR 940,773.74. Following these transactions, STMicroelectronics holds 4,828,182 treasury shares, representing about 0.5% of its issued capital. This buyback is expected to enhance shareholder value and signal management's confidence in the company's future.

STMicroelectronics has partnered with REV Robotics to enhance robotics education and entertainment with the "Switchback" battlebot. This 250-pound bot features STM32 microcontrollers for superior durability and performance in robot battles. Premiering on the Discovery Channel on January 6, 2022, the battlebot integrates multiple electronic speed controllers and ST sensors, showcasing the strength of ST's technology in fostering STEM learning. REV Robotics emphasizes creating excitement around robotics, targeting the next generation of engineers through practical, hands-on experiences.

STMicroelectronics announced the completion of a common share repurchase program from December 13 to December 17, 2021, purchasing a total of 76,361 shares, representing 0.01% of its issued share capital. The repurchase was executed at a weighted average price of EUR 41.3397, totaling EUR 3,156,744.33. This is part of the company's ongoing efforts to enhance shareholder value, having accumulated 4,802,690 treasury shares, approximately 0.5% of its issued shares. The program aims to support the company’s stock performance.

On December 16, 2021, the first edition of the "Mobility 4.0 Challenge" organized by Software République concluded, showcasing innovation in sustainable mobility. Out of 150 applications, three start-ups, Wattpark, Geoflex, and Vianova, emerged as winners. They will join the Software République incubator starting February 1, 2022, to accelerate their projects with support from founding companies including STMicroelectronics, Renault Group, and others. This initiative aims to bolster the European ecosystem for intelligent mobility.

STMicroelectronics has launched its first PowerGaN product, a gallium nitride (GaN)-based semiconductor designed for energy-efficient power supplies.

This innovation enables smaller and more efficient designs in consumer, industrial, and automotive applications, contributing to CO₂ savings. The first product in this portfolio, the SGT120R65AL, features a maximum on-resistance of 120mΩ and is priced at $3.00 (for 1000 pieces), with applications in PC adapters and chargers.

Further products in this series are set for release in 2022.

STMicroelectronics and Politecnico di Milano have launched an expansion of semiconductor R&D infrastructure at the PoliFab Micro- and Nanotechnology Center. Inaugurated on December 14, 2021, this facility received advanced equipment from STMicroelectronics to enhance joint R&D in MEMS, motion control, and power electronics. The center aims to attract top talent and bolster ST's leadership in MEMS technology, with over 15 billion devices sold so far. The collaboration also includes investments in scholarships, faculty recruitment, and joint projects, marking a significant step towards establishing a premier semiconductor innovation hub in Italy.

STMicroelectronics introduces its third-generation silicon-carbide (SiC) MOSFETs, enhancing performance for electric vehicles (EV) and industrial applications. These new devices support higher energy efficiency and reliability, crucial for 800V systems in EVs, enabling longer driving ranges and faster charging. The company expects $1 billion in SiC revenue for 2024. With voltage ratings up to 1200V, the new SiC technology aims to further optimize both automotive and industrial applications, demonstrating ST's commitment to advancing semiconductor technology.