STMicroelectronics Buys Back Shares
Ticker: STMEF · Form: 6-K · Filed: Aug 19, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Aug 19, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-trading, sec-filing
Related Tickers: STM
TL;DR
STM bought back 100k shares last week as part of its buyback program.
AI Summary
STMicroelectronics N.V. announced on August 19, 2024, the results of its share buy-back program. The company traded 100,000 of its own shares on the Euronext Paris market during the week of August 12, 2024, to August 16, 2024. This activity is part of a previously disclosed share repurchase program.
Why It Matters
Share buy-backs can signal management's confidence in the company's valuation and potentially increase earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine update on a previously announced share buy-back program and does not contain new material financial information.
Key Numbers
- 100,000 — Shares Traded (Under the share buy-back program for the week of August 12-16, 2024.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- August 19, 2024 (date) — Announcement date
- August 12, 2024 (date) — Start of trading period
- August 16, 2024 (date) — End of trading period
- 100,000 (dollar_amount) — Number of shares traded
- Euronext Paris (company) — Trading market
FAQ
What was the total number of STMicroelectronics' own shares traded during the specified period?
During the week of August 12, 2024, to August 16, 2024, STMicroelectronics traded 100,000 of its own shares.
On which market did STMicroelectronics trade its shares?
The shares were traded on the Euronext Paris market.
What is the purpose of the share trading activity reported?
The trading is part of a previously announced share buy-back program.
What is the filing date of this report?
This report was filed as of August 19, 2024.
Under which SEC rule is this report filed?
This report is filed pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-08-19 16:15:18
Filing Documents
- ss3764324_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 18KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000705.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: August 19, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience