Stmicro Stock Price, News & Analysis

STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 8 to July 12, 2024. The company repurchased 238,000 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.9268 per share. The total cost of the buyback was €9,264,576.38. The primary purpose of these transactions is to meet obligations arising from debt financial instruments exchangeable into equity instruments. Following these buybacks, STMicroelectronics now holds 8,512,817 treasury shares, approximately 0.9% of its issued share capital.

STMicroelectronics announced the repurchase of 223,519 ordinary shares from July 1 to July 5, 2024, as part of its common share repurchase program. The shares were bought at a weighted average price of EUR 37.5385, totaling EUR 8,390,567.52. This program, approved in May 2024, aims to meet obligations arising from debt financial instruments exchangeable into equity. The shares may be held in treasury or used for other lawful purposes. As of July 8, 2024, STMicroelectronics holds 8,274,817 treasury shares, representing about 0.9% of its issued share capital.

STMicroelectronics (NYSE: STM), a leading semiconductor company, will release its Q2 2024 earnings on July 25, 2024, before the European stock markets open.

The results will be accessible on their website, www.st.com, immediately post-release.

A conference call to discuss the financial results and business outlook will occur on July 25, 2024, at 9:30 a.m. CET / 3:30 a.m. ET.

The call will be webcast live on ST's investor website and available for replay until August 9, 2024.

STMicroelectronics has disclosed details of its common share repurchase program for the period from June 17, 2024, to June 19, 2024. During this period, the company repurchased 177,666 ordinary shares at an average price of EUR 39.7299 per share, amounting to a total of EUR 7,058,643.66. The repurchase aims to meet obligations related to debt financial instruments that are exchangeable into equity instruments. As a result, the company now holds a total of 8,052,106 treasury shares, representing approximately 0.9% of its issued share capital. Further details of individual trades can be found on the company's website.

STMicroelectronics has announced the completion of its 2021 share buy-back program, totaling $1,040 million or 24,880,267 shares repurchased. The average purchase price was €38.67 per share. STMicroelectronics will hold these shares as treasury stock to meet obligations related to employee stock award plans and convertible bonds.

STMicroelectronics also launched a new $1,100 million share buy-back plan over three years, subject to annual shareholder approval. This plan comprises two programs to meet obligations for employee stock awards and convertible bonds. The minimum share price for buy-backs is set at €1.04, with a maximum price of 110% of the highest price over the last five trading days prior to purchase.

The company will appoint brokers to execute the buy-backs, compliant with applicable regulations and market conditions.

STMicroelectronics (NYSE: STM), a global semiconductor leader, has launched the ST Edge AI Suite. This comprehensive suite integrates tools, software, and resources to streamline the development and deployment of embedded AI applications. It supports a broad range of ST products, including smart sensors and the upcoming STM32N6 microcontrollers. Key features include the ST Edge AI Model Zoo, Developer Cloud, NanoEdge AI Studio, and MEMS Studio, usable free of charge. The suite simplifies AI model optimization and code generation, significantly aiding developers from various fields. Early adopters, including Honeywell, Soxai, and HPE Group, have reported enhanced efficiencies and product performance due to the suite.

STMicroelectronics announced the details of its common share repurchase program for the period from June 10, 2024, to June 14, 2024. The company repurchased 264,874 ordinary shares, representing 0.03% of its total issued share capital. The average purchase price was EUR 40.5057 per share, amounting to a total of EUR 10,728,917.42. This action was taken to meet obligations from debt financial instruments exchangeable into equity. As of this repurchase, STMicroelectronics holds 7,874,440 treasury shares, about 0.9% of its issued share capital.

STMicroelectronics has announced the status of its common share repurchase program for the period from June 3, 2024, to June 7, 2024. The company repurchased 30,678 ordinary shares, representing 0.003% of its issued share capital, at a weighted average price of EUR 40.8306 per share, totaling EUR 1,252,600.16. The repurchases were made to meet obligations arising from debt financial instruments exchangeable into equity and may be held in treasury or used for other lawful purposes. Post-repurchase, STMicroelectronics holds 7,609,566 treasury shares, approximately 0.8% of its issued share capital.

STMicroelectronics (NYSE: STM) and Geely Auto Group (HKEX: HK0175) have signed a long-term Silicon Carbide (SiC) supply agreement, focusing on enhancing Geely's battery electric vehicles (BEVs).

ST will supply SiC power devices to various Geely brands, improving performance, charging speeds, and driving range. A joint lab is also established to innovate in automotive electronics, infotainment, and advanced driver assistance systems (ADAS).

Geely will adopt ST's third-generation SiC MOSFETs for electric traction inverters, important for efficient electric powertrains. This partnership aims to foster mutual benefits and accelerate technology development in smart, electrified, and connected cars.