Welcome to our dedicated page for STMicroelectronics N.V. news (Ticker: STM), a resource for investors and traders seeking the latest updates and insights on STMicroelectronics N.V. stock.
STMicroelectronics N.V. (STM) is a global leader in the semiconductor industry, designing and manufacturing a broad range of products for a variety of applications. Formed in 1987 through a merger between Italy's SGS Microelettronica and France's Thomson Semiconductors, the company has become a key supplier of analog chips, microcontrollers, sensors, and discrete power semiconductors, especially for industrial and automotive markets.
With more than 50,000 employees and a network of over 200,000 customers, STMicroelectronics has a strong global presence, characterized by state-of-the-art manufacturing facilities. The company is committed to driving innovation in electronics applications—from smarter mobility and efficient power management to cloud-connected autonomous systems.
In recent developments, STMicroelectronics has made significant strides towards sustainability, aiming for carbon neutrality on scopes 1 and 2, and partially on scope 3 by 2027. The company has entered into various partnerships and agreements to support this goal. Notably, STMicroelectronics signed a ten-year Power Purchase Agreement (PPA) with Centrica Energy for renewable energy in Italy, and expanded a silicon carbide (SiC) substrate wafer supply agreement with SiCrystal.
In the automotive sector, STMicroelectronics collaborates with Panasonic and Geely Auto Group on innovative projects. Panasonic has integrated STMicroelectronics' STM32F3 MCU and edge AI tools into their e-assisted bike, while Geely uses ST’s third-generation SiC MOSFETs in their electric vehicles to enhance performance and efficiency.
On the financial front, STMicroelectronics reported $3.47 billion in net revenues for Q1 2024. Despite a year-over-year decrease of 18.4%, the company continues to invest in future growth, as evidenced by their plans for a high-volume 200mm SiC manufacturing facility in Catania, Italy. This new facility, part of a larger Silicon Carbide Campus, is expected to commence production in 2026, supporting the company's leadership in SiC technology for automotive and industrial applications.
With a focus on R&D and substantial investments in sustainable energy and innovative technologies, STMicroelectronics remains a significant player in the semiconductor industry, driving advancements that support a more connected and environmentally friendly world.
STMicroelectronics reported Q4 2021 net revenues of $3.56 billion, a 9.9% year-over-year increase, with a gross margin of 45.2% and operating margin of 24.9%. The company's net income rose 28.9% to $750 million, reflecting strong performance across product groups. For FY 2021, net revenues reached $12.76 billion, up 24.9% year-over-year, with net income increasing 80.8%. Guidance for Q1 2022 suggests revenues of $3.50 billion, slightly down sequentially but up 16.1% year-over-year.
STMicroelectronics announced the repurchase of 174,866 ordinary shares from January 17 to January 21, 2022, totaling EUR 7,339,265.63. The shares, representing 0.02% of its issued share capital, were acquired at an average price of EUR 41.9708. Following this, the company holds a total of 5,261,362 treasury shares, amounting to approximately 0.6% of its issued capital. The buyback program aims to enhance shareholder value and reflects the company's confidence in its growth prospects.
STMicroelectronics has disclosed details of its share repurchase program for the period between January 10, 2022, and January 14, 2022. A total of 174,540 shares were repurchased, representing 0.02% of its issued share capital, at an average price of EUR 43.1671, amounting to approximately EUR 7.53 million. Following these transactions, the company now holds 5,086,496 treasury shares, or roughly 0.6% of its issued capital. This stock buyback aims to enhance shareholder value.
STMicroelectronics announced the status of its share repurchase program, revealing that 153,093 ordinary shares were bought back between January 3 and January 7, 2022. The total expenditure amounted to EUR 6,705,314.10, with an average purchase price of EUR 43.7990 per share, representing 0.02% of its issued capital. Following these transactions, STMicroelectronics holds a total of 4,911,956 treasury shares, equating to approximately 0.5% of its issued share capital. These actions support the company’s strategy to enhance shareholder value.
STMicroelectronics announced preliminary Q421 net revenues of $3.56 billion, exceeding the prior guidance of $3.40 billion and marking an 11.2% sequential increase. The results reflect strong performance across all end markets, contributing to a 24.9% year-over-year revenue increase for FY21, totaling $12.76 billion. The company's earnings release is scheduled for January 27, 2022, where further financial details and guidance for Q122 will be provided during a conference call at 9:30 a.m. CET.
STMicroelectronics announced its common share repurchase program, detailing transactions conducted from Dec 20 to Dec 24, 2021. In this period, the company repurchased 22,896 ordinary shares at an average price of EUR 41.0890, totaling EUR 940,773.74. Following these transactions, STMicroelectronics holds 4,828,182 treasury shares, representing about 0.5% of its issued capital. This buyback is expected to enhance shareholder value and signal management's confidence in the company's future.
STMicroelectronics has partnered with REV Robotics to enhance robotics education and entertainment with the "Switchback" battlebot. This 250-pound bot features STM32 microcontrollers for superior durability and performance in robot battles. Premiering on the Discovery Channel on January 6, 2022, the battlebot integrates multiple electronic speed controllers and ST sensors, showcasing the strength of ST's technology in fostering STEM learning. REV Robotics emphasizes creating excitement around robotics, targeting the next generation of engineers through practical, hands-on experiences.
STMicroelectronics announced the completion of a common share repurchase program from December 13 to December 17, 2021, purchasing a total of 76,361 shares, representing 0.01% of its issued share capital. The repurchase was executed at a weighted average price of EUR 41.3397, totaling EUR 3,156,744.33. This is part of the company's ongoing efforts to enhance shareholder value, having accumulated 4,802,690 treasury shares, approximately 0.5% of its issued shares. The program aims to support the company’s stock performance.
On December 16, 2021, the first edition of the "Mobility 4.0 Challenge" organized by Software République concluded, showcasing innovation in sustainable mobility. Out of 150 applications, three start-ups, Wattpark, Geoflex, and Vianova, emerged as winners. They will join the Software République incubator starting February 1, 2022, to accelerate their projects with support from founding companies including STMicroelectronics, Renault Group, and others. This initiative aims to bolster the European ecosystem for intelligent mobility.
STMicroelectronics has launched its first PowerGaN product, a gallium nitride (GaN)-based semiconductor designed for energy-efficient power supplies.
This innovation enables smaller and more efficient designs in consumer, industrial, and automotive applications, contributing to CO2 savings. The first product in this portfolio, the SGT120R65AL, features a maximum on-resistance of 120mΩ and is priced at $3.00 (for 1000 pieces), with applications in PC adapters and chargers.
Further products in this series are set for release in 2022.
FAQ
What is the current stock price of STMicroelectronics N.V. (STM)?
What is the market cap of STMicroelectronics N.V. (STM)?
What does STMicroelectronics do?
How was STMicroelectronics formed?
What industries does STMicroelectronics serve?
What are some recent achievements of STMicroelectronics?
What are STMicroelectronics' sustainability goals?
What is the significance of the new SiC manufacturing facility in Catania?
How does STMicroelectronics contribute to smarter mobility?
What financial performance did STMicroelectronics report for Q1 2024?
How many customers does STMicroelectronics have?
Where can I find more information about STMicroelectronics?
