STMicroelectronics Buys Back Shares for €1.2M
Ticker: STMEF · Form: 6-K · Filed: Jul 22, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jul 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back ~€1.2M in stock last week, part of a larger program.
AI Summary
STMicroelectronics N.V. announced on July 22, 2024, the results of its share buy-back program. The company traded 100,000 of its own ordinary shares on the Euronext Paris market for a total consideration of approximately €1.2 million.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially signaling confidence in its own valuation.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity, not indicating new or significant risks.
Key Numbers
- €1.2M — Share Buy-back Consideration (Total amount spent on repurchasing shares)
- 100,000 — Shares Repurchased (Number of ordinary shares traded)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- July 22, 2024 (date) — Announcement date
- Euronext Paris (company) — Trading market
- 100,000 (dollar_amount) — Number of shares traded
- €1.2 million (dollar_amount) — Total consideration
FAQ
What was the total amount spent on the share buy-back program on July 22, 2024?
The total consideration for the shares traded on July 22, 2024, was approximately €1.2 million.
How many shares did STMicroelectronics trade as part of the buy-back program on July 22, 2024?
STMicroelectronics traded 100,000 of its own ordinary shares on the Euronext Paris market.
On which stock exchange did the share buy-back occur?
The shares were traded on the Euronext Paris market.
What is the filing date of this report?
This report was filed on July 22, 2024.
Is STMicroelectronics filing a Form 20-F or 40-F for its annual reports?
STMicroelectronics indicated it files annual reports under cover of Form 20-F.
Filing Stats: 722 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-07-22 16:15:46
Filing Documents
- ss3655380_6k.htm (6-K) — 27KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000634.txt ( ) — 56KB
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 22, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience