STMicroelectronics Buys Back Shares Worth $42M
Ticker: STMEF · Form: 6-K · Filed: Jun 3, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, financial-report
TL;DR
STMicro bought back 1M shares for $42M last week, signaling confidence.
AI Summary
STMicroelectronics N.V. announced on June 3, 2024, the results of its share buy-back program for the period of May 27, 2024, to May 31, 2024. The company repurchased a total of 1,000,000 shares at an average price of $42.00 per share, for a total cost of $42,000,000.
Why It Matters
This buy-back activity indicates the company's confidence in its stock value and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — This filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- $42.0M — Share Buy-back Value (Total amount spent on repurchasing shares between May 27 and May 31, 2024.)
- 1.0M — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- May 27, 2024 (date) — Start of buy-back period
- May 31, 2024 (date) — End of buy-back period
- June 3, 2024 (date) — Date of press release
- 1,000,000 (dollar_amount) — Number of shares repurchased
- $42.00 (dollar_amount) — Average price per share
- $42,000,000 (dollar_amount) — Total cost of buy-back
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 paid for the repurchased shares?
The average price per share was $42.00.
What was the total monetary value of the share buy-back program for the period May 27 to May 31, 2024?
The total cost for the repurchased shares was $42,000,000.
What is the filing date of this report?
This report was filed on June 3, 2024.
Under which SEC form is this report filed?
This is a Form 6-K, Report of Foreign Private Issuer.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-06-03 16:15:59
Filing Documents
- ss3461038_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000560.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: June 3, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience