Stmicro Stock Price, News & Analysis

STMicroelectronics has disclosed its recent share repurchase activities for the period from February 15 to February 19, 2021, under its approved repurchase program. A total of 275,009 shares were repurchased at an average price of EUR 34.9779, amounting to EUR 9,619,233.50. This repurchase represents 0.03% of the company’s issued share capital, bringing total treasury shares to 8,130,204, or approximately 0.9% of issued capital. The program aims to enhance shareholder value and reflects the company’s confidence in its financial position.

STMicroelectronics has announced the repurchase of 284,157 ordinary shares between February 8 and February 12, 2021, at an average price of EUR 34.4650, totaling EUR 9,793,461.50. This buyback program, aimed at enhancing shareholder value, follows previous approvals from shareholders and the supervisory board. After this transaction, the company holds 7,855,195 treasury shares, equating to 0.9% of its issued share capital. The ongoing buyback reflects STMicroelectronics' commitment to returning capital to shareholders and confidence in its future financial performance.

STMicroelectronics has disclosed its common share repurchase program transactions conducted from February 1 to February 5, 2021. During this period, the company repurchased 308,508 ordinary shares, which is approximately 0.03% of its issued share capital, at an average price of EUR 33.8283, totaling EUR 10,436,294.24. Following these transactions, STMicroelectronics holds 7,586,100 treasury shares, representing around 0.8% of its issued share capital. This buyback is aimed at enhancing shareholder value.

STMicroelectronics has announced details of its recent common share repurchase program, covering the period from January 25 to January 29, 2021. A total of 421,728 shares were repurchased, representing 0.05% of its issued share capital, at a weighted average price of EUR 32.8134, amounting to EUR 13,838,327.49. Following these transactions, the company holds 7,277,592 treasury shares, approximately 0.8% of its issued share capital. This buyback reflects STMicroelectronics' commitment to enhancing shareholder value.

STMicroelectronics (STM) has partnered with DSP Concepts to launch four new high-performance audio front ends called TalkTo, optimized for Alexa Voice Service. These designs facilitate the integration of voice features in various devices, including wearables and kiosks. Utilizing the energy-efficient STM32 MCU family, the solutions support advanced features like far-field audio capture and natural-language understanding. The reference design is AWS-certified, promoting cost-effective product development for OEMs while meeting market demand for high-quality voice interaction.

STMicroelectronics has announced the acquisition of SOMOS Semiconductor, a fabless company specializing in silicon-based power amplifiers and RF Front-End Modules for cellular IoT and 5G markets. This acquisition, aimed at enhancing ST's connectivity solutions, is expected to strengthen its capabilities in the RF Front-End Module sector. A new product, an NB-IoT/CAT-M1 module, is already in qualification, signaling a robust roadmap ahead. The financial terms of the acquisition were not disclosed.

STMicroelectronics has launched the LaSAR Alliance, aimed at accelerating the development of Augmented Reality (AR) smart glasses. Collaborating with industry leaders like Applied Materials, Dispelix, Osram, and Mega1, the alliance focuses on overcoming technical challenges to create lightweight, all-day wearable smart glasses with high performance and low power requirements. The initiative leverages ST's expertise in MEMS micro-actuation and BCD process technologies to enhance the integration of essential components for AR applications.

STMicroelectronics (NYSE: STM) reported preliminary Q320 net revenues of $2.67 billion, exceeding its prior guidance of $2.45 billion and rising by 27.8% sequentially. This performance reflects significantly improved market conditions, driven by increased demand in Automotive products and Microcontrollers. The company now anticipates FY20 revenues to surpass $9.65 billion. Further financial details will be disclosed in the earnings call scheduled for October 22, 2020.

STMicroelectronics (NYSE: STM) has confirmed a cash dividend of US$0.168 per share, originally approved on June 17, 2020, despite the challenges posed by the COVID-19 pandemic. This decision reflects the company's commitment to shareholder returns amidst a turbulent economic landscape. The dividend will be distributed as part of the company's strategy to maintain investor confidence and support stakeholders during these unprecedented times.