STMicroelectronics Buys Back Shares Worth $46.2M
Ticker: STMEF · Form: 6-K · Filed: Jun 17, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jun 17, 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 $46.2M in stock last week, average price $42.00. Program continues.
AI Summary
STMicroelectronics N.V. announced the results of its share buy-back program for the period of June 10, 2024, to June 14, 2024. The company purchased a total of 1,100,000 shares at an average price of $42.00 per share, for a total cost of $46.2 million. 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 — This filing is a routine update on a previously announced share buy-back program and does not contain new material risks.
Key Numbers
- $46.2M — Share Buy-back Value (Total amount spent on repurchasing shares between June 10-14, 2024.)
- 1.1M — Shares Repurchased (Number of shares bought back during the specified period.)
- $42.00 — Average Share Price (The average price paid per share during the buy-back period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- June 10, 2024 (date) — Start date of the reporting period for share buy-backs
- June 14, 2024 (date) — End date of the reporting period for share buy-backs
- 1,100,000 (number) — Number of shares repurchased
- $42.00 (dollar_amount) — Average price per share repurchased
- $46.2 million (dollar_amount) — Total cost of shares repurchased
FAQ
What was the total number of STMicroelectronics shares repurchased during the period of June 10 to June 14, 2024?
STMicroelectronics repurchased a total of 1,100,000 shares during the period of June 10, 2024, to June 14, 2024.
What was the total amount spent on the share buy-back program in the week of June 10, 2024?
The total cost for the repurchased shares was $46.2 million.
What was the average price per share paid by STMicroelectronics during its recent buy-back?
The average price per share paid was $42.00.
Is this share buy-back program a new initiative?
No, this is an announcement of results from a previously announced share buy-back program.
What is the filing type and the period it covers?
This is a Form 6-K, reporting on activities for the month of June 2024, specifically detailing share buy-back results from June 10-14, 2024.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-06-17 16:15:25
Filing Documents
- ss3519796_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000570.txt ( ) — 58KB
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 17, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience