Stmicro Stock Price, News & Analysis

STMicroelectronics has announced its share repurchase program, disclosing the acquisition of 489,700 ordinary shares from May 3 to May 7, 2021. The total cost for this buyback was EUR 14,968,847.31, with an average purchase price of EUR 30.5674 per share. This buyback represents 0.05% of the total issued share capital, leading to a total of 11,727,680 treasury shares, or approximately 1.3% of issued capital. The program aims to enhance shareholder value.

STMicroelectronics (NYSE: STM) unveiled its new STi²GaN product family, combining Gallium Nitride (GaN) power solutions with advanced intelligence for compact systems in the electric vehicle sector. This innovative offering includes solutions for On-Board Chargers, LiDAR for autonomous driving, and DC-DC converters. Leveraging strong automotive expertise, STi²GaN aims to meet the high-power density demands of electrification. The initial products are designed for 100V and 650V power applications, promising exceptional performance and scalability.

STMicroelectronics announces the completion of its share repurchase program, acquiring 335,700 shares from April 26 to April 30, 2021. The total expenditure was approximately EUR 10.86 million, with a weighted average purchase price of EUR 32.34 per share. This buyback represents 0.04% of the company's issued share capital, increasing its treasury shares to 11,292,024, equivalent to around 1.2% of total issued shares. The program aims to enhance shareholder value.

STMicroelectronics (STM) reported Q1 2021 net revenues of $3.02 billion, marking a 35.2% increase year-over-year, but a 6.8% decline quarter-over-quarter. The gross margin improved to 39.0%, with a net income of $364 million, representing an 89.6% year-over-year increase. Free cash flow reached $261 million. For Q2 2021, STM anticipates net revenues of $2.9 billion, down sequentially but up 39% year-over-year. The FY21 revenue guidance stands at $12.1 billion, an estimated 18.4% increase from FY20.

STMicroelectronics has disclosed its recent common share repurchase program, conducted between April 19 and April 23, 2021, during which it bought back 442,451 ordinary shares, representing 0.05% of its issued share capital. The total amount spent was approximately EUR 14 million, with a weighted average purchase price of EUR 31.6619 per share. Following these transactions, the company now holds a total of 10,956,324 treasury shares, equating to approximately 1.2% of its issued capital, enhancing shareholder value.

STMicroelectronics (STM) has officially joined the mioty Alliance, enhancing its portfolio for Massive IoT applications. This partnership facilitates the development of highly scalable, low-power wireless connectivity through the mioty standard, now supported by the STM32WL wireless SoC. The mioty stack, developed by Stackforce, allows for long-range communication, capable of covering vast areas with minimal infrastructure. The STM32WL SoC also features support for multiple LPWAN technologies, ensuring longevity and versatility for industrial applications.

STMicroelectronics has reported on its common share repurchase program, revealing the purchase of 385,662 shares from April 12 to April 16, 2021. This buyback, constituting 0.04% of the company's issued share capital, cost a total of EUR 12,668,607.14 at an average price of EUR 32.8490 per share. Following these transactions, the company now holds 10,513,873 treasury shares, amounting to approximately 1.2% of its issued capital. The stated purpose of this program is to enhance shareholder value and demonstrate confidence in the company's future prospects.

STMicroelectronics has revealed details of its common share repurchase program, active from April 6 to April 9, 2021. During this period, the company repurchased 317,677 shares, accounting for 0.03% of its issued share capital, at an average price of EUR 33.1388, totaling EUR 10,527,424.97. Following these transactions, the company now retains 10,128,211 treasury shares, representing approximately 1.1% of its issued capital. The buyback program aims to enhance shareholder value.