Stmicro Stock Price, News & Analysis

STMicroelectronics has completed a share repurchase program from Nov 18-22, 2024, acquiring 468,800 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 23.2951 per share, totaling EUR 10.92 million. The buyback aims to meet obligations from share option programs and employee allocations. Following these transactions, STM holds 13,045,041 treasury shares, representing approximately 1.4% of its issued share capital. The purchases were executed on Euronext Paris following shareholder approval from May 22, 2024.

STMicroelectronics has announced its financial targets during its Capital Markets Day in Paris. The company has set an intermediate financial model targeting revenues of approximately $18 billion with an operating margin of 22-24% for 2027-2028. ST has also reiterated its longer-term $20 billion+ revenue ambition, now expected by 2030.

Through its manufacturing reshaping program and cost base resizing initiative, ST anticipates achieving high triple-digit million-dollar savings by 2027 compared to current costs. The company maintains its focus on sustainable and profitable growth, aiming for a gross margin of 44-46% and free cash flow margin of ~20% in the intermediate period.

STMicroelectronics has executed share repurchases between November 11-15, 2024, acquiring 474,885 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 24.8463 per share, totaling EUR 11,799,157.72. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee stock allocations. Following these transactions, STMicroelectronics holds 12,576,241 treasury shares, representing approximately 1.4% of its issued share capital.

STMicroelectronics announced share repurchases from Nov 04-08, 2024, buying 547,000 ordinary shares (0.06% of issued share capital) at a weighted average price of EUR 24.6638 per share, totaling EUR 13,491,072.70. The buyback, executed on Euronext Paris, aims to meet obligations from share option programs and employee allocations. The company now holds 12,101,356 treasury shares, representing approximately 1.3% of its issued share capital. The program was approved by shareholders on May 22, 2024, and the supervisory board.

STMicroelectronics (NYSE: STM) has signed a 21-year Power Purchase Agreement (PPA) with BKH Solar Sdn Bhd, a joint venture between ENGIE and Conextone Energy, for renewable energy supply in Malaysia. The agreement will provide approximately 50 GWh of renewable energy annually from a new solar farm in Bukit Kayu Hitam, Kedah. This initiative supports ST's goal of achieving carbon neutrality in operations by 2027 and 100% renewable energy sourcing. The renewable energy will power ST's high-volume test and assembly site in Muar, Johor, which employs over 4,700 people.

STMicroelectronics has completed a share repurchase program between Oct 28-Nov 01, 2024, buying back 409,408 ordinary shares (0.04% of issued share capital) at a weighted average price of EUR 25.5039 per share, totaling EUR 10,441,483.15. The buyback was executed on Euronext Paris to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,563,022 treasury shares, representing approximately 1.3% of its issued share capital.

STMicroelectronics reported Q3 2024 financial results with net revenues of $3.25 billion, a 26.6% year-over-year decrease. The company posted a gross margin of 37.8%, operating margin of 11.7%, and net income of $351 million. Year-to-date revenues reached $9.95 billion with a 39.9% gross margin.

The company expects Q4 net revenues of $3.32 billion, representing a 22.4% year-over-year decline. ST anticipates a revenue decline between Q4 2024 and Q1 2025 above normal seasonality. The company announced a new program to reshape manufacturing footprint, focusing on 300mm Silicon and 200mm Silicon Carbide capacity, targeting high triple-digit million-dollar annual cost savings by 2027.

STMicroelectronics has unveiled the ST1VAFE3BX, a new bio-sensing chip designed for next-generation healthcare wearables. The chip combines biopotential input for cardio and neurological sensing with motion tracking and embedded AI capabilities.

The device integrates a high-accuracy vertical analog front end (vAFE) for vital signs detection, an accelerometer for inertial sensing, and ST's machine-learning core for autonomous activity detection. Priced at $1.50 for orders of 1000 units, it operates with low power consumption of 50µA typical current and features a 12-bit ADC resolution with 3200Hz maximum output data rate.

STMicroelectronics has announced the completion of share repurchases between Oct 21-25, 2024, acquiring 317,000 ordinary shares (0.03% of issued share capital) at a weighted average price of EUR 25.8060 per share, totaling EUR 8,180,516.60. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,153,614 treasury shares, representing approximately 1.2% of its issued share capital.