STMicroelectronics Buys Back Shares for $43.85M
Ticker: STMEF · Form: 6-K · Filed: Aug 5, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back $43.85M in stock last week, avg $43.85/share.
AI Summary
STMicroelectronics N.V. reported on August 5, 2024, the results of its share buy-back program. The company repurchased 1,000,000 shares for an average price of $43.85 per share, totaling approximately $43.85 million, between July 29, 2024, and August 2, 2024.
Why It Matters
This buy-back activity indicates the company's confidence in its valuation and its commitment to returning capital to shareholders.
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
- $43.85 million — Share Buy-back Value (Total amount spent on repurchasing shares between July 29 and August 2, 2024.)
- 1,000,000 — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
- $43.85 — Average Share Price (The average price paid per share during the buy-back program.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- August 5, 2024 (date) — Reporting date
- July 29, 2024 (date) — Start of buy-back period
- August 2, 2024 (date) — End of buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $43.85 (dollar_amount) — Average price per share
- $43.85 million (dollar_amount) — Total value of shares repurchased
FAQ
What was the total number of STMicroelectronics shares repurchased?
STMicroelectronics repurchased 1,000,000 shares.
What was the total amount spent on the share buy-back program during the reporting period?
The company spent approximately $43.85 million on the share buy-back program.
What was the average price per share paid for the repurchased shares?
The average price per share was $43.85.
What is the specific date range for the reported share buy-back activity?
The share buy-back activity reported occurred between July 29, 2024, and August 2, 2024.
What form is this filing?
This filing is a Form 6-K, a Report of Foreign Private Issuer.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-08-05 16:16:43
Filing Documents
- ss3712214_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000648.txt ( ) — 58KB
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: August 5, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience