STMicroelectronics Buys Back Shares Worth $46.2M
Ticker: STMEF · Form: 6-K · Filed: Jul 29, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Jul 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back $46.2M in stock last week, showing confidence.
AI Summary
STMicroelectronics N.V. announced on July 29, 2024, the results of its share buy-back program for the period of July 22 to July 26, 2024. The company repurchased a total of 1,100,000 shares at an average price of $42.00 per share, for a total cost of approximately $46.2 million.
Why It Matters
This buy-back indicates the company's confidence in its stock value and its commitment to returning capital to shareholders.
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
- $46.2M — Share Buy-Back Value (Total amount spent on repurchasing shares between July 22-26, 2024.)
- 1,100,000 — Shares Repurchased (Number of shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- July 29, 2024 (date) — Announcement date
- July 22, 2024 (date) — Start of buy-back period
- July 26, 2024 (date) — End of buy-back period
- 1,100,000 (number) — Number of shares repurchased
- $42.00 (dollar_amount) — Average price per share
- $46.2 million (dollar_amount) — Total cost of buy-back
FAQ
What was the total number of STMicroelectronics shares repurchased?
STMicroelectronics repurchased a total of 1,100,000 shares.
What was the average price paid per share?
The average price paid per share was $42.00.
What was the total monetary value of the share buy-back program for the specified period?
The total cost of the share buy-back program for the period was approximately $46.2 million.
What is the date range for this share buy-back activity?
The share buy-back activity reported took place from July 22, 2024, to July 26, 2024.
What is the filing type and the date of the announcement?
This is a Form 6-K filing, and the press release announcing the results was dated July 29, 2024.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-07-29 16:16:33
Filing Documents
- ss3684083_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000643.txt ( ) — 57KB
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 29, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience