STMicroelectronics Buys Back Shares Worth $21.98M
Ticker: STMEF · Form: 6-K · Filed: May 13, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | May 13, 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 $21.98M in stock last week, part of ongoing program.
AI Summary
STMicroelectronics N.V. announced the results of its share buy-back program for the period of May 6, 2024, to May 10, 2024. The company repurchased a total of 1,000,000 shares at an average price of $21.98 per share, for a total consideration of $21,980,000. This buy-back is part of a previously announced program.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially views its stock as undervalued, which can be a positive signal for investors.
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
- $21.98M — Share Buy-back Value (Total amount spent on repurchasing shares between May 6-10, 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
- May 6, 2024 (date) — Start date of the share buy-back period
- May 10, 2024 (date) — End date of the share buy-back period
- $21.98 (dollar_amount) — Average price per share repurchased
- $21,980,000 (dollar_amount) — Total consideration for shares repurchased
- 1,000,000 (number) — Number of shares repurchased
FAQ
What was the total number of STMicroelectronics shares repurchased during the specified period?
STMicroelectronics repurchased a total of 1,000,000 shares.
What was the average price per share for the repurchased shares?
The average price per share was $21.98.
What was the total monetary value of the share buy-back program for the period May 6-10, 2024?
The total consideration for the repurchased shares was $21,980,000.
Is this share buy-back program a new initiative?
No, this buy-back is part of a previously announced share buy-back program.
What is the filing date of this report?
This report was filed on May 13, 2024.
Filing Stats: 700 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-05-13 16:16:47
Filing Documents
- ss3377061_6k.htm (6-K) — 27KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000464.txt ( ) — 57KB
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 13, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience