STMicroelectronics ( (STM) ) has issued an announcement.
On March 3, 2025, STMicroelectronics announced the completion of a share repurchase program conducted from February 24 to February 28, 2025. During this period, the company repurchased 125,500 ordinary shares, representing 0.01% of its issued share capital, for a total of EUR 3,022,753.55. The buyback was part of a strategy to meet obligations related to share option programs and other allocations to employees and management. This move reflects the company’s ongoing efforts to manage its capital structure effectively and provide value to its stakeholders.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technology, providing solutions across various electronics applications. The company collaborates with over 200,000 customers and numerous partners to develop products that enhance smart mobility, efficient power management, and the deployment of autonomous cloud-connected devices. STMicroelectronics is committed to sustainability, aiming for carbon neutrality and 100% renewable electricity sourcing by 2027.
YTD Price Performance: 1.60%
Average Trading Volume: 6,620,751
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $22.18B
See more insights into STM stock on TipRanks’ Stock Analysis page.