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STMicroelectronics ( (STM) ) has issued an update.
On February 10, 2025, STMicroelectronics announced the completion of a share repurchase program conducted between February 3 and February 7, 2025. During this period, the company repurchased 639,000 ordinary shares, representing 0.07% of its issued share capital, at a total cost of EUR 13,657,876.20. The purpose of the buyback was to meet obligations related to share option programs and other allocations for employees and management. Following the repurchase, STMicroelectronics holds approximately 1.7% of its issued capital in treasury shares. This strategic move aligns with the company’s efforts to manage its capital effectively and maintain a stable share structure for its stakeholders.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technologies, serving a diverse range of electronics applications. With over 50,000 employees, the company operates state-of-the-art manufacturing facilities and collaborates with over 200,000 customers and numerous partners. STMicroelectronics focuses on enabling smarter mobility, efficient power and energy management, and the large-scale deployment of cloud-connected autonomous technologies. The company is committed to achieving carbon neutrality for scope 1 and 2 emissions, and partially for scope 3 by 2027.
YTD Price Performance: -7.53%
Average Trading Volume: 6,001,277
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $20.08B
For a thorough assessment of STM stock, go to TipRanks’ Stock Analysis page.
