STMicroelectronics Buys Back Shares Worth $46.2M
Ticker: STMEF · Form: 6-K · Filed: Jun 10, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jun 10, 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 1.1M shares for $46.2M last week. Looks like they think their stock is cheap.
AI Summary
STMicroelectronics N.V. reported on June 10, 2024, the results of its share buy-back program for the period of June 3 to June 7, 2024. The company purchased a total of 1,100,000 shares at an average price of $42.00 per share, for a total consideration of approximately $46.2 million.
Why It Matters
This buy-back activity indicates the company's confidence in its stock value and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update on a share buy-back program and does not contain significant new risks.
Key Numbers
- 1,100,000 — Shares Bought (Part of share buy-back program)
- $46.2M — Total Buy-back Value (Represents capital returned to shareholders)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- June 10, 2024 (date) — Report Date
- June 3, 2024 (date) — Start of Buy-back Period
- June 7, 2024 (date) — End of Buy-back Period
- 1,100,000 (number) — Shares Purchased
- $42.00 (dollar_amount) — Average Share Price
- $46.2 million (dollar_amount) — Total Consideration
FAQ
What was the total number of STMicroelectronics shares purchased during the specified period?
STMicroelectronics purchased a total of 1,100,000 shares.
What was the total amount spent on the share buy-back program for the week of June 3 to June 7, 2024?
The total consideration for the shares purchased was approximately $46.2 million.
What was the average price per share paid by STMicroelectronics?
The average price per share was $42.00.
What is the filing date of this report?
This report was filed on June 10, 2024.
Does STMicroelectronics file annual reports under Form 20-F or 40-F?
STMicroelectronics files annual reports under Form 20-F.
Filing Stats: 690 words · 3 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-10 16:15:43
Filing Documents
- ss3490905_6k.htm (6-K) — 25KB
- image_001.jpg (GRAPHIC) — 19KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000565.txt ( ) — 55KB
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 10, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience