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STMicroelectronics ( (STM) ) has issued an update.
STMicroelectronics announced the results of its share buy-back program, repurchasing 559,000 ordinary shares, representing 0.06% of its issued share capital, between January 27 and January 31, 2025. The program, approved by shareholders and the supervisory board, aims to fulfill obligations related to employee share allocations and other lawful purposes, potentially impacting the company’s financial strategy and stakeholder interests.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technologies, providing products and solutions for smarter mobility, efficient power and energy management, and cloud-connected autonomous systems. With a workforce of over 50,000, the company collaborates with more than 200,000 customers and numerous partners to support sustainable technological advancements.
YTD Price Performance: -7.61%
Average Trading Volume: 5,770,628
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.04B
For an in-depth examination of STM stock, go to TipRanks’ Stock Analysis page.
