STMicroelectronics (STM) has released an update.
STMicroelectronics has announced the completion of a share buy-back program, repurchasing 365,500 of its own shares between August 12 and August 16, 2024, for a total spend of EUR 9,923,788.50. This initiative aims to fulfill obligations from share-based employee compensation plans and may see these shares held in treasury or used for other lawful purposes. Following these transactions, STMicroelectronics holds approximately 1.0% of its issued share capital in treasury shares.
For further insights into STM stock, check out TipRanks’ Stock Analysis page.
