Stmicro Stock Price, News & Analysis

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.

STMicroelectronics has launched the STPay-Mobile platform, enhancing virtual ticketing and payments for smartphones and wearables. This service integrates with the ST54 secure SoC for secure transactions, facilitating contactless payment solutions. The first application targets public transit via Snowball’s OnBoard™ platform, already adopted by 50 agencies in over 125 cities, impacting 680 million users. STPay-Mobile will soon achieve certification for Mastercard and Visa, promoting widespread payment virtualization for transit agencies without overhauling existing infrastructures.

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.