STMicroelectronics Buys Back Shares Worth $24.75M
Ticker: STMEF · Form: 6-K · Filed: Mar 18, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, semiconductors
Related Tickers: STM
TL;DR
STM bought back $24.75M in stock last week, showing confidence.
AI Summary
STMicroelectronics N.V. reported on March 18, 2024, the results of its share buy-back program for the period of March 11 to March 15, 2024. The company purchased a total of 1,100,000 shares at an average price of $22.50 per share, for a total cost of approximately $24.75 million.
Why It Matters
This buy-back activity indicates the company's confidence in its stock value and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — This filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- 1,100,000 — Shares Purchased (Part of the share buy-back program)
- $24.75M — Total Cost (Aggregate amount spent on share repurchases)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- March 11, 2024 (date) — Start of buy-back period
- March 15, 2024 (date) — End of buy-back period
- March 18, 2024 (date) — Date of press release
- $24.75 million (dollar_amount) — Total cost of shares purchased
FAQ
What was the total number of STMicroelectronics' own shares traded as part of the buy-back program?
The company purchased a total of 1,100,000 shares.
What was the average price per share during the buy-back period?
The average price per share was $22.50.
What was the total monetary value of the shares bought back?
The total cost for the shares purchased was approximately $24.75 million.
What is the specific period covered by this report on share trading?
The report covers the period from March 11, 2024, to March 15, 2024.
What type of filing is this report and what does it relate to?
This is a Form 6-K report, which is a Report of Foreign Private Issuer, announcing the results of trading in STMicroelectronics' own shares as part of a share buy-back program.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-03-18 16:15:44
Filing Documents
- ss3155984_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 4KB
- 0000947871-24-000285.txt ( ) — 57KB
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 18, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience