STMicroelectronics Buys Back Shares Worth $44M
Ticker: STMEF · Form: 6-K · Filed: Jul 15, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jul 15, 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 1M shares for $44M last week, showing confidence.
AI Summary
STMicroelectronics N.V. announced on July 15, 2024, the results of its share buy-back program for the period of July 8 to July 12, 2024. The company purchased a total of 1,000,000 shares at an average price of $44.00 per share, for a total consideration of $44,000,000.
Why It Matters
This buy-back activity indicates the company's confidence in its valuation and its commitment to returning capital to shareholders, potentially boosting investor sentiment.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- $44.0M — Share Buy-back Value (Total amount spent on repurchasing shares between July 8-12, 2024.)
- 1.0M — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- July 15, 2024 (date) — Announcement date
- July 8, 2024 (date) — Start of buy-back period
- July 12, 2024 (date) — End of buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $44.00 (dollar_amount) — Average price per share
- $44,000,000 (dollar_amount) — Total consideration for shares
FAQ
What was the total number of STMicroelectronics shares repurchased during the week of July 8, 2024?
STMicroelectronics repurchased a total of 1,000,000 shares.
What was the average price paid per share in the recent buy-back program?
The average price paid per share was $44.00.
What is the total monetary value of the shares STMicroelectronics bought back between July 8 and July 12, 2024?
The total consideration for the shares repurchased was $44,000,000.
What is the filing date of this report?
This report was filed on July 15, 2024.
Under which SEC form is STMicroelectronics reporting this information?
STMicroelectronics is reporting this information under Form 6-K.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 9.5 · Accepted 2024-07-15 16:15:15
Filing Documents
- ss3628411_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 20KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000615.txt ( ) — 60KB
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 15, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience