STMicroelectronics Buys Back Shares Worth $21.5M
Ticker: STMEF · Form: 6-K · Filed: May 6, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | May 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, semiconductors
TL;DR
STM bought back $21.5M in stock last week, part of a bigger plan.
AI Summary
STMicroelectronics N.V. announced the results of its share buy-back program for the period of April 29, 2024, to May 3, 2024. During this week, the company repurchased 1,000,000 shares at an average price of $21.50 per share, for a total cost of $21,500,000. This buy-back is part of a larger program previously announced by the company.
Why It Matters
This buy-back indicates the company's confidence in its stock value and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — This is a routine disclosure of share buy-back activity, which is a common capital allocation strategy.
Key Numbers
- $21.5M — Share Buy-back Value (Total amount spent on repurchasing shares between April 29 and May 3, 2024.)
- 1.0M — Shares Repurchased (Number of shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- April 29, 2024 (date) — Start date of the buy-back period
- May 3, 2024 (date) — End date of the buy-back period
- 1,000,000 (dollar_amount) — Number of shares repurchased
- $21.50 (dollar_amount) — Average price per share
- $21,500,000 (dollar_amount) — Total cost of shares repurchased
FAQ
What was the total number of STMicroelectronics shares repurchased during the specified period?
STMicroelectronics repurchased 1,000,000 shares.
What was the average price per share for the repurchased shares?
The average price per share was $21.50.
What was the total monetary value of the share buy-back program for the week of April 29 to May 3, 2024?
The total cost for the repurchased shares was $21,500,000.
What is the filing date of this report?
This report was filed on May 6, 2024.
Is this buy-back program a new initiative or part of a previously announced one?
This buy-back is part of a previously announced share buy-back program.
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-06 16:15:48
Filing Documents
- ss3348978_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 17KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000435.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: May 6, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience