STMicroelectronics Buys Back Shares Worth $23.65M
Ticker: STMEF · Form: 6-K · Filed: Apr 8, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Apr 8, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, financial-results
Related Tickers: STM
TL;DR
STM bought back $23.65M in stock last week, signaling confidence.
AI Summary
STMicroelectronics N.V. announced on April 8, 2024, the results of its share buy-back program for the period of April 2, 2024, to April 5, 2024. The company repurchased a total of 1,100,000 shares at an average price of $21.50 per share, for a total consideration of approximately $23.65 million.
Why It Matters
This buy-back activity indicates the company's confidence in its stock value and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not contain new material risks.
Key Numbers
- $23.65M — Share Buy-back Value (Total amount spent on repurchasing shares between April 2-5, 2024.)
- 1.1M — Shares Repurchased (Number of shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- April 8, 2024 (date) — Announcement date
- April 2, 2024 to April 5, 2024 (date) — Share buy-back program period
- $23.65 million (dollar_amount) — Total consideration for share buy-back
- 1,100,000 (number) — Number of shares repurchased
- $21.50 (dollar_amount) — Average price per share
FAQ
What was the total number of STMicroelectronics shares repurchased?
STMicroelectronics repurchased a total of 1,100,000 shares.
What was the average price paid per share?
The average price paid per share was $21.50.
What is the total value of the shares repurchased?
The total consideration for the repurchased shares was approximately $23.65 million.
What period does this share buy-back report cover?
This report covers the period from April 2, 2024, to April 5, 2024.
What form is this filing?
This filing is a Form 6-K, a Report of Foreign Private Issuer.
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-04-08 16:15:34
Filing Documents
- ss3236212_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000358.txt ( ) — 56KB
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: April 8, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience