Stmicro Stock Price, News & Analysis

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.

STMicroelectronics announced its first quarter 2021 earnings release scheduled for April 29, 2021, before the European stock exchanges open. Following this, the company will hold a conference call with analysts and investors to discuss the results and business outlook at 9:30 a.m. CET / 3:30 a.m. ET. Interested parties can access the live webcast on the company’s website, with a replay available until May 14, 2021.

STMicroelectronics (STM) and OQmented have announced a collaboration to develop, manufacture, and market MEMS mirror-based laser-beam scanning (LBS) solutions. This partnership aims to enhance the technology for Augmented Reality and 3D sensing markets by leveraging ST's MEMS manufacturing expertise and OQmented's patented Bubble MEMS® technology. The collaboration targets increased production capacity and improved product offerings, potentially expanding market applications significantly.

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.