STMicroelectronics Buys Back Shares Worth €1.1M
Ticker: STMEF · Form: 6-K · Filed: Aug 26, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, semiconductors
Related Tickers: STM
TL;DR
STM bought back ~€1.1M in stock last week as part of its buy-back program.
AI Summary
STMicroelectronics N.V. (STM) announced on August 26, 2024, the results of its share buy-back program. The company traded 100,000 of its own shares on the Euronext Paris market for a total consideration of approximately €1.1 million between August 19 and August 23, 2024.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially signaling confidence in its stock valuation.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not contain significant new financial or operational risks.
Key Numbers
- €1.1M — Share Buy-back Value (Total amount spent on repurchasing shares between Aug 19-23, 2024.)
- 100,000 — Shares Repurchased (Number of STMicroelectronics shares traded as part of the buy-back program.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- STM (company) — Ticker symbol for STMicroelectronics N.V.
- August 26, 2024 (date) — Announcement date
- August 19, 2024 (date) — Start of buy-back period
- August 23, 2024 (date) — End of buy-back period
- 100,000 (number) — Number of shares traded
- €1.1 million (dollar_amount) — Total consideration for shares
FAQ
What was the total number of STMicroelectronics shares traded under the buy-back program during the specified period?
STMicroelectronics traded 100,000 of its own shares.
What was the total monetary value of the shares repurchased by STMicroelectronics?
The total consideration for the shares traded was approximately €1.1 million.
What is the specific date range for the share trading activity reported in this 6-K filing?
The trading activity reported occurred between August 19, 2024, and August 23, 2024.
On which market did STMicroelectronics conduct its share buy-back trading?
The shares were traded on the Euronext Paris market.
Is this share buy-back part of a larger, previously announced program?
Yes, the filing states this trading is part of the previously announced share buy-back program.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.7 · Accepted 2024-08-26 16:16:25
Filing Documents
- ss3789649_6k.htm (6-K) — 30KB
- image_001.jpg (GRAPHIC) — 19KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000725.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 26, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience