STMicroelectronics Buys Back $22M in Shares
Ticker: STMEF · Form: 6-K · Filed: Apr 29, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Apr 29, 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 1M shares for $22M last week, part of ongoing buyback program.
AI Summary
STMicroelectronics N.V. (STM) announced the results of its share buy-back program for the period of April 22, 2024, to April 26, 2024. During this week, the company repurchased 1,000,000 shares at an average price of $21.98 per share, totaling $21,980,000. This buy-back is part of a previously announced program.
Why It Matters
This buy-back indicates the company's confidence in its stock value and its commitment to returning capital to shareholders, potentially signaling financial strength.
Risk Assessment
Risk Level: low — The filing is a routine report on a share buy-back program, with no new material risks disclosed.
Key Numbers
- $21.98M — Share Buy-back Value (Total amount spent on repurchasing shares between April 22-26, 2024.)
- 1.0M — Shares Repurchased (Number of shares bought back by the company during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- April 22, 2024 (date) — Start date of the reported buy-back period
- April 26, 2024 (date) — End date of the reported buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $21.98 (dollar_amount) — Average price per share repurchased
- $21,980,000 (dollar_amount) — Total cost of shares repurchased
FAQ
What was the total number of STMicroelectronics' shares repurchased during the week of April 22-26, 2024?
STMicroelectronics repurchased 1,000,000 shares during the period from April 22, 2024, to April 26, 2024.
What was the average price paid per share for the repurchased shares?
The average price paid per share was $21.98.
What was the total monetary value of the share buy-back program for the specified week?
The total value of the repurchased shares was $21,980,000.
Is this share buy-back a new program or part of a previously announced one?
This buy-back is part of a previously announced share buy-back program.
What is the filing type and the period it covers?
This is a Form 6-K report for the month of April 2024, specifically announcing results for the week of April 22-26, 2024.
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-04-29 16:15:25
Filing Documents
- ss3320567_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000418.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 29, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience