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STMicroelectronics ( (STM) ) has shared an update.
STMicroelectronics has announced the results of its share repurchase program, acquiring 188,800 shares, or 0.02% of its issued share capital, from January 2 to January 3, 2025, at an average price of EUR 23.7712 per share. This buyback is part of a broader strategy to fulfill obligations from share option programs and potentially other lawful purposes, enhancing the company’s flexibility in managing its capital structure.
More about STMicroelectronics
STMicroelectronics is a global leader in the semiconductor industry, providing cutting-edge technologies for a wide range of electronics applications. With over 50,000 employees and collaborations with more than 200,000 customers, the company focuses on smart mobility, efficient power and energy management, and cloud-connected autonomous solutions. STMicroelectronics is committed to achieving carbon neutrality by 2027.
YTD Price Performance: 8.68%
Average Trading Volume: 5,272,172
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.52B
For detailed information about STM stock, go to TipRanks’ Stock Analysis page.
