STMicroelectronics Buys Back Shares Worth $21.95M
Ticker: STMEF · Form: 6-K · Filed: May 28, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
Related Tickers: STM
TL;DR
STM bought back 1M shares for $21.95M last week, signaling confidence.
AI Summary
STMicroelectronics N.V. reported on May 27, 2024, the results of its share buy-back program for the period of May 20 to May 24, 2024. The company repurchased a total of 1,000,000 shares at an average price of $21.95 per share, for a total cost of $21,950,000.
Why It Matters
This buy-back program indicates the company's confidence in its stock value and its commitment to returning capital to shareholders.
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
- $21.95M — Share Buy-back Value (Total amount spent on repurchasing shares between May 20-24, 2024.)
- 1,000,000 — Shares Repurchased (Number of STMicroelectronics' own shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- May 20, 2024 (date) — Start of buy-back period
- May 24, 2024 (date) — End of buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $21.95 (dollar_amount) — Average price per share
- $21,950,000 (dollar_amount) — Total cost of buy-back
FAQ
What was the total number of STMicroelectronics shares repurchased?
STMicroelectronics repurchased a total of 1,000,000 shares.
What was the total amount spent on the share buy-back program during the specified period?
The total cost for the repurchased shares was $21,950,000.
What was the average price per share paid for the repurchased shares?
The average price per share was $21.95.
What was the reporting period for this share buy-back activity?
The reporting period was from May 20, 2024, to May 24, 2024.
Is this a new share buy-back program or a continuation?
This filing reports results from a previously announced share buy-back program.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-05-28 16:23:14
Filing Documents
- ss3435115_6k.htm (6-K) — 27KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000532.txt ( ) — 53KB
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 28, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience