STMicroelectronics Buys Back Shares Worth €37M
Ticker: STMEF · Form: 6-K · Filed: Aug 12, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Aug 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back 1M shares for €37M on Euronext Paris as part of its buy-back program.
AI Summary
STMicroelectronics N.V. announced on August 12, 2024, the results of its share buy-back program. The company traded 1,000,000 of its own shares on the Euronext Paris market for an average price of €37.00 per share, totaling approximately €37 million. This activity is part of a previously authorized program.
Why It Matters
This buy-back indicates the company's confidence in its valuation and its commitment to returning capital to shareholders, potentially supporting the stock price.
Risk Assessment
Risk Level: low — This filing is a routine update on a pre-announced share buy-back program and does not contain new material risks.
Key Numbers
- 1,000,000 — Shares Traded (Part of the share buy-back program)
- €37.00 — Average Share Price (Price at which shares were bought back)
- €37 million — Total Buy-back Value (Aggregate amount spent on share repurchases)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- Euronext Paris (company) — Market where shares were traded
- August 12, 2024 (date) — Date of announcement
- August 5, 2024 (date) — Start of buy-back program period
- 1,000,000 (dollar_amount) — Number of shares traded
- €37.00 (dollar_amount) — Average price per share
- €37 million (dollar_amount) — Total value of shares traded
FAQ
What was the total number of STMicroelectronics' own shares traded on Euronext Paris?
STMicroelectronics traded 1,000,000 of its own shares on the Euronext Paris market.
What was the average price per share for the buy-back?
The average price per share was €37.00.
What is the total approximate value of the shares bought back?
The total approximate value of the shares bought back is €37 million.
On what date was this buy-back activity announced?
The announcement was made on August 12, 2024.
Is this buy-back part of a new or existing program?
This activity is part of a previously announced share buy-back program.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-08-12 16:15:36
Filing Documents
- ss3739058_6k.htm (6-K) — 30KB
- image_001.jpg (GRAPHIC) — 20KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000671.txt ( ) — 61KB
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 12, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience