STMicroelectronics Buys Back Shares
Ticker: STMEF · Form: 6-K · Filed: Apr 15, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Apr 15, 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 1.1M shares for $23.8M last week, signaling confidence.
AI Summary
STMicroelectronics N.V. announced on April 15, 2024, the results of its share buy-back program for the period of April 8, 2024, to April 12, 2024. The company purchased a total of 1,100,000 shares at an average price of $21.62 per share, for a total consideration of $23,782,000.
Why It Matters
This buy-back program indicates the company's confidence in its stock value and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — This filing is a routine report on a share buy-back program and does not introduce new material risks.
Key Numbers
- 1,100,000 — Shares Repurchased (Represents the volume of the company's stock bought back during the specified week.)
- $23.8M — Total Consideration (The total amount spent by STMicroelectronics on share repurchases.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- April 15, 2024 (date) — Date of the press release and filing
- April 8, 2024 to April 12, 2024 (date) — Period of the share buy-back program
- 1,100,000 shares (dollar_amount) — Number of shares repurchased
- $21.62 (dollar_amount) — Average price per share
- $23,782,000 (dollar_amount) — Total consideration for shares repurchased
FAQ
What was the total number of STMicroelectronics shares repurchased during the specified period?
STMicroelectronics repurchased a total of 1,100,000 shares.
What was the total amount spent by STMicroelectronics on its share buy-back program for the week of April 8-12, 2024?
The total consideration for the shares repurchased was $23,782,000.
What was the average price per share paid by STMicroelectronics during the buy-back period?
The average price per share was $21.62.
What is the filing date of this Report of Foreign Private Issuer?
The filing date is April 15, 2024.
What is the period covered by the share buy-back results announced in this filing?
The results cover the period from April 8, 2024, to April 12, 2024.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-04-15 16:20:34
Filing Documents
- ss3264349_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000390.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: April 15, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience