STMicroelectronics Buys Back Shares Worth $43.68M
Ticker: STMEF · Form: 6-K · Filed: Jul 8, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jul 8, 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 $43.68M in stock last week, showing confidence.
AI Summary
STMicroelectronics N.V. reported on July 8, 2024, the results of its share buy-back program for the period of July 1, 2024, to July 5, 2024. The company repurchased a total of 1,000,000 shares at an average price of $43.68 per share, for a total consideration of $43,680,000.
Why It Matters
This buy-back activity indicates the company's commitment to returning capital to shareholders and potentially supporting its stock price.
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
- $43.68M — Share Buy-back Value (Total amount spent on repurchasing shares between July 1-5, 2024.)
- 1,000,000 — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- July 8, 2024 (date) — Date of the press release and filing
- July 1, 2024 to July 5, 2024 (date) — Period of the share buy-back program
- 1,000,000 (number) — Number of shares repurchased
- $43.68 (dollar_amount) — Average price per share
- $43,680,000 (dollar_amount) — Total consideration for shares repurchased
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 paid per share for the repurchased shares?
The average price paid per share was $43.68.
What was the total monetary value of the share buy-back program for the period July 1-5, 2024?
The total consideration for the repurchased shares was $43,680,000.
What is the filing date of this report?
This report was filed on July 8, 2024.
What is the specific period covered by the share buy-back results announced?
The results announced cover the period from July 1, 2024, to July 5, 2024.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-07-08 16:15:46
Filing Documents
- ss3601025_6k.htm (6-K) — 26KB
- image_001.jpg (GRAPHIC) — 16KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000596.txt ( ) — 52KB
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: July 8, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience