STMicroelectronics Buys Back Shares Worth $22.3M
Ticker: STMEF · Form: 6-K · Filed: Mar 11, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back 1M shares for $22.3M last week, signaling confidence.
AI Summary
STMicroelectronics N.V. reported on March 11, 2024, the results of its share buy-back program for the period of March 4 to March 8, 2024. During this week, the company repurchased 1,000,000 shares at an average price of $22.30 per share, totaling approximately $22.3 million.
Why It Matters
This buy-back activity indicates the company's confidence in its valuation and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- 1,000,000 — Shares Repurchased (Represents capital returned to shareholders)
- $22.3 million — Total Buy-back Value (Indicates significant capital deployment)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- March 4, 2024 (date) — Start of buy-back period
- March 8, 2024 (date) — End of buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $22.30 (dollar_amount) — Average price per share
- $22.3 million (dollar_amount) — Total value of shares repurchased
FAQ
What was the total number of STMicroelectronics' shares repurchased during the specified period?
STMicroelectronics repurchased 1,000,000 shares.
What was the average price per share for the repurchased shares?
The average price per share was $22.30.
What was the total monetary value of the share buy-back program for the week of March 4-8, 2024?
The total value of the repurchased shares was approximately $22.3 million.
What is the filing date of this Report of Foreign Private Issuer?
The filing date is March 11, 2024.
Under which SEC Act is this report filed?
This report is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-03-11 16:15:24
Filing Documents
- ss3126944_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 4KB
- 0000947871-24-000277.txt ( ) — 60KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. STMicroelectronics N.V. Date: March 11, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience