STMicroelectronics Buys Back Shares
Ticker: STMEF · Form: 6-K · Filed: May 20, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, foreign-issuer, disclosure
Related Tickers: STM
TL;DR
STM bought back its own stock last week, part of an ongoing program.
AI Summary
STMicroelectronics N.V. announced the results of its share buy-back program for the period of May 13, 2024, to May 17, 2024. The company repurchased its own shares as part of a previously disclosed program. The filing is a Form 6-K, indicating it's a report of a foreign private issuer.
Why It Matters
This filing indicates STMicroelectronics is actively managing its share count, which can impact earnings per share and shareholder value.
Risk Assessment
Risk Level: low — This is a routine disclosure of share buy-back activity, not indicating new or significant risks.
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- May 13, 2024 (date) — Start of buy-back period
- May 17, 2024 (date) — End of buy-back period
- 0000947871-24-000497 (filing_id) — Accession Number
FAQ
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report the results of trading in STMicroelectronics' own shares as part of a previously announced share buy-back program.
What period does the reported share buy-back activity cover?
The share buy-back activity reported covers the period from May 13, 2024, to May 17, 2024.
Is STMicroelectronics filing a Form 20-F or Form 40-F?
STMicroelectronics indicates it files annual reports under cover of Form 20-F.
What is the company's principal executive office address?
The principal executive offices are located at WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol Airport, The Netherlands.
What is the SIC code for STMicroelectronics?
The Standard Industrial Classification code for STMicroelectronics is 3674, Semiconductors & Related Devices.
Filing Stats: 706 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-05-20 16:16:28
Filing Documents
- ss3405665_6k.htm (6-K) — 27KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000497.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 20, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience