STMicroelectronics N.V. (NYSE:STM) shares were on the downswing Monday. The company, boasting a status as a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
The Amsterdam-headquartered STMicroelectronics N.V. announced the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Dec 11 and Dec 15, 2023, of 211,000 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 45.0271 and for an overall price of EUR 9,500,715.00.
"At ST,", to quote this morning's news release, "we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world."
To start the last full trading week of 2023, STM shares lost 27 cents to $50.15.
