STMicroelectronics ( (STM) ) has shared an update.
On March 10, 2025, STMicroelectronics announced the completion of a share repurchase program conducted from March 3 to March 7, 2025. During this period, the company repurchased 427,820 ordinary shares, representing 0.05% of its issued share capital, at an average price of EUR 22.9028 per share, totaling EUR 9,798,288.62. The purpose of the buyback is to fulfill obligations related to share option programs and other allocations to employees and management. This move is part of a broader strategy to manage capital effectively and support shareholder value.
More about STMicroelectronics
STMicroelectronics is a global leader in semiconductor technologies, serving a wide range of electronics applications. The company collaborates with over 200,000 customers and numerous partners to create products and solutions that enhance smarter mobility, efficient power and energy management, and the deployment of cloud-connected autonomous systems. STMicroelectronics is committed to sustainability, aiming for carbon neutrality and 100% renewable electricity sourcing by 2027.
YTD Price Performance: 9.09%
Average Trading Volume: 6,931,096
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $23.06B
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