STMicroelectronics Buys Back Shares Worth $23.1M
Ticker: STMEF · Form: 6-K · Filed: Jun 24, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jun 24, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, financial-results
Related Tickers: STM
TL;DR
STM bought back 1.1M shares for $23.1M between June 17-19. Program continues.
AI Summary
STMicroelectronics N.V. announced the results of its share buy-back program for the period of June 17, 2024, to June 19, 2024. The company repurchased a total of 1,100,000 shares at an average price of $21.00 per share, for a total cost of approximately $23.1 million. This buy-back is part of a previously announced program.
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 — The filing is a routine report on share buy-back activity and does not contain new material risks.
Key Numbers
- 1,100,000 — Shares Repurchased (Represents the volume of shares bought back during the specified period.)
- $23.1 million — Total Buy-back Cost (The total capital deployed by the company to repurchase its own shares.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- June 17, 2024 (date) — Start date of the share buy-back period
- June 19, 2024 (date) — End date of the share buy-back period
- 1,100,000 (dollar_amount) — Number of shares repurchased
- $21.00 (dollar_amount) — Average price per share
- $23.1 million (dollar_amount) — Total cost of share buy-back
FAQ
What was the total number of STMicroelectronics shares repurchased between June 17 and June 19, 2024?
STMicroelectronics repurchased a total of 1,100,000 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 approximately $23.1 million.
What was the average price per share paid during the buy-back?
The average price per share was $21.00.
Is this share buy-back part of a larger, previously announced program?
Yes, the filing states this buy-back is part of a previously announced share buy-back program.
What is the principal executive office address of STMicroelectronics N.V.?
The principal executive offices are located at WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol Airport, The Netherlands.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-06-24 16:15:47
Filing Documents
- ss3548063_6k.htm (6-K) — 26KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000576.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 24, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience