Stmicro Stock Price, News & Analysis

STMicroelectronics (NYSE: STM) has announced the resolutions for its Annual General Meeting (AGM) scheduled for May 27, 2021, in Schiphol, Netherlands. Key proposals include the adoption of statutory annual accounts for 2020, a cash dividend of US$ 0.24 per share distributed quarterly, and the reappointment of board members. Additionally, a new 3-year Unvested Stock Award Plan for management is proposed. The record date for participating shareholders is April 29, 2021. Precautionary measures will be implemented due to COVID-19, encouraging shareholders to vote online or via proxy.

STMicroelectronics has disclosed details of its common share repurchase program, originally approved in May 2018. During the period from March 15 to March 19, 2021, the company repurchased 275,731 ordinary shares, amounting to approximately EUR 8.39 million at an average price of EUR 30.43 per share. Following these buybacks, STMicroelectronics holds a total of 9,822,188 treasury shares, representing about 1.1% of its issued share capital. This program aims to enhance shareholder value and demonstrates the company's confidence in its financial health.

STMicroelectronics has collaborated with Intel to develop a cutting-edge MEMS micro-mirror technology for the Intel® RealSense™ LiDAR Camera L515. This high-resolution camera, measuring just 61mm in diameter and 26mm in height, is designed for industrial applications, delivering efficient 3D scanning with a field of view of 70° by 55° and 30 frames per second. The innovative micro-mirror enhances scanning capabilities, providing exceptional depth accuracy and minimal pixel blur, making it suitable for diverse uses in robotics, logistics, and 3D scanning.

STMicroelectronics has reported the execution of its common share repurchase program from March 1 to March 5, 2021. During this period, the company repurchased 492,595 ordinary shares, representing 0.05% of its issued share capital, at a weighted average price of EUR 30.3456, totaling EUR 14,948,086.39. Following these transactions, STM now holds a total of 9,008,745 treasury shares, or approximately 1.0% of its issued capital. This buyback is intended to enhance shareholder value.

STMicroelectronics announces a significant 20-year longevity extension for its popular SPC56 automotive microcontrollers, ensuring their availability until at least 2034. This decision supports ongoing customer applications in critical automotive sectors such as powertrain, chassis, and body electronics. The SPC56 series offers versatile performance options and is designed for safety-critical applications, with built-in features for enhanced reliability. This commitment strengthens STMicroelectronics' role in driving automotive innovation amidst rising electrification and smart driving trends.

STMicroelectronics has enhanced its support for smart connected devices by releasing new STM32Cube Expansion Packages for Microsoft Azure RTOS projects on STM32 MCUs. The new software packs streamline product design, offering additional code examples to mitigate engineering challenges and accelerate time to market. The first package, X-CUBE-AZRTOS-H7, specifically targets ST's STM32H7 microcontrollers, characterized by superior performance and robust security features. These resources are available for free download, supporting developers in creating efficient smart applications.

STMicroelectronics has announced the details of its recent common share repurchase program, revealing a total acquisition of 388,291 ordinary shares between February 22 and February 26, 2021. The shares were repurchased at a weighted average price of EUR 32.7865, totaling approximately EUR 12.73 million. Following these transactions, the company now holds a total of 8,518,495 treasury shares, equivalent to 0.9% of its issued share capital. This strategic move reflects STMicroelectronics' commitment to enhancing shareholder value.

STMicroelectronics has unveiled the STM32U5 microcontrollers, designed for ultra-low power consumption, utilizing a 40nm process technology. This new series targets demanding applications like wearables and industrial sensors, featuring advanced cybersecurity and performance enhancements. The STM32U5 MCUs incorporate the Arm Cortex-M33 core and have sold over two billion units globally. The series starts at $3.60 and will see full production in September 2021, with lead customers already sampling the product.

STMicroelectronics (NYSE: STM) has released its Annual Report on Form 20-F for the year ending December 31, 2020, filed with the SEC. The report includes comprehensive audited financial statements according to U.S. GAAP and is accessible on www.st.com and www.sec.gov. Investors can request a hard copy free of charge from the Investor Relations department. The company emphasizes its leadership in semiconductor technologies and commitment to sustainability and innovative solutions across electronics applications.