STMicroelectronics Buys Back Shares Worth $1.3M
Ticker: STMEF · Form: 6-K · Filed: Mar 25, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back $1.3M in stock last week, signaling confidence.
AI Summary
STMicroelectronics N.V. announced on March 25, 2024, the results of its share buy-back program. The company traded 100,000 of its own shares for a total consideration of approximately $1.3 million during the period of March 18, 2024, to March 20, 2024.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially views its stock as undervalued.
Risk Assessment
Risk Level: low — This filing is a routine update on share buy-back activity and does not contain significant new risks.
Key Numbers
- $1.3M — Share Buy-back Value (Total amount spent on repurchasing shares)
- 100,000 — Shares Repurchased (Number of shares bought back by the company)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- March 25, 2024 (date) — Announcement date
- March 18, 2024 to March 20, 2024 (date) — Share buy-back period
- $1.3 million (dollar_amount) — Total consideration for shares bought back
- 100,000 (number) — Number of shares traded
FAQ
What was the total number of STMicroelectronics' own shares traded as part of the buy-back program?
The company traded 100,000 of its own shares.
What was the total consideration for the shares bought back?
The total consideration was approximately $1.3 million.
What was the specific period during which these trades occurred?
The trades occurred from March 18, 2024, to March 20, 2024.
What form does this filing take?
This filing is a Report of Foreign Private Issuer (Form 6-K).
Does STMicroelectronics file annual reports under Form 20-F or 40-F?
STMicroelectronics files annual reports under Form 20-F.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-03-25 16:15:28
Filing Documents
- ss3182948_6k.htm (6-K) — 26KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000313.txt ( ) — 55KB
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 25, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience