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An announcement from STMicroelectronics ( (STM) ) is now available.
STMicroelectronics announced the results of its share buy-back program, conducted from February 10 to February 14, 2025. During this period, the company repurchased 287,561 ordinary shares, representing 0.03% of its issued share capital, at an average price of EUR 21.9758 per share. The buy-back was part of a strategy to fulfill obligations under share option programs for employees and management. Following these transactions, the company now holds 15,898,511 treasury shares, accounting for approximately 1.7% of its issued share capital.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technologies, employing over 50,000 individuals and partnering with over 200,000 customers. The company focuses on creating semiconductor solutions that enhance mobility, energy management, and the deployment of cloud-connected autonomous systems. Committed to sustainability, STMicroelectronics aims to achieve carbon neutrality by 2027.
YTD Price Performance: 0.74%
Average Trading Volume: 6,002,707
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $21.79B
For a thorough assessment of STM stock, go to TipRanks’ Stock Analysis page.
