STMicroelectronics Buys Back Shares Worth $23.96M
Ticker: STMEF · Form: 6-K · Filed: Apr 22, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Apr 22, 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 $24M in stock last week, signaling confidence.
AI Summary
STMicroelectronics N.V. announced on April 22, 2024, the results of its share buy-back program for the period of April 15 to April 19, 2024. The company purchased a total of 1,100,000 shares at an average price of $21.78 per share, for a total consideration of approximately $23.96 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 — This filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- $23.96M — Share Buy-back Value (Total amount spent on repurchasing shares between April 15-19, 2024.)
- 1.1M — Shares Repurchased (Number of shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- April 15, 2024 (date) — Start date of the share buy-back period
- April 19, 2024 (date) — End date of the share buy-back period
- April 22, 2024 (date) — Date of the press release announcing buy-back results
- $23.96 million (dollar_amount) — Total consideration for shares repurchased
- 1,100,000 (number) — Number of shares repurchased
- $21.78 (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 total amount spent on the share buy-back program during the specified period?
The total consideration for the shares repurchased was approximately $23.96 million.
What was the average price per share paid for the repurchased shares?
The average price per share was $21.78.
What is the specific date range for the reported share buy-back activity?
The share buy-back activity reported took place from April 15, 2024, to April 19, 2024.
What type of filing is this and what does it report?
This is a Form 6-K filing reporting the results of STMicroelectronics' share buy-back program.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-04-22 16:15:46
Filing Documents
- ss3292494_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000406.txt ( ) — 58KB
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 22, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience