Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
STMicroelectronics ( (STM) ) has shared an update.
STMicroelectronics announced the repurchase of 380,700 of its own shares at an average price of EUR 24.8158, totaling EUR 9.447 million, from January 6 to January 10, 2025. This buy-back is part of a program approved in 2024 to support share option programs and other allocations, with the potential to use shares for other lawful purposes if not needed for employee benefits. The company now holds approximately 1.5% of its issued share capital in treasury shares.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technology, employing over 50,000 individuals and collaborating with more than 200,000 customers and partners. The company specializes in designing and manufacturing semiconductor products and solutions that enhance smarter mobility, efficient power and energy management, and cloud-connected autonomous devices. STMicroelectronics is committed to sustainability, aiming for carbon neutrality by 2027.
YTD Price Performance: 1.03%
Average Trading Volume: 5,412,645
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.12B
See more insights into STM stock on TipRanks’ Stock Analysis page.
