STMicroelectronics Buys Back Shares Worth $48.4M
Ticker: STMEF · Form: 6-K · Filed: Oct 7, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
Related Tickers: STM
TL;DR
STM spent $48.4M buying its own stock in late Sept. Looks like they think it's cheap.
AI Summary
STMicroelectronics N.V. (STM) reported on October 7, 2024, the results of its share buy-back program for the period ending September 30, 2024. The company purchased a total of 1,100,000 shares at an average price of $44.00 per share, for a total cost of approximately $48.4 million. This buy-back is part of a previously announced program.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially views its stock as undervalued, which can be a positive signal for investors.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not contain new material financial or operational risks.
Key Numbers
- $48.4M — Share Buy-Back Expenditure (Total amount spent on repurchasing shares.)
- 1.1M — Shares Repurchased (Number of STMicroelectronics shares bought back.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- October 7, 2024 (date) — Report date
- September 30, 2024 (date) — End of buy-back period
- 1,100,000 (number) — Number of shares repurchased
- $44.00 (dollar_amount) — Average price per share
- $48.4 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 total amount spent on the share buy-back program during the reported period?
The total cost for the repurchased shares was approximately $48.4 million.
What was the average price paid per share?
The average price paid per share was $44.00.
What is the filing date of this report?
This report was filed on October 7, 2024.
What period does this share buy-back report cover?
The report covers the period ending September 30, 2024.
Filing Stats: 723 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-10-07 16:15:17
Filing Documents
- ss3957769_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 19KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000793.txt ( ) — 59KB
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: October 7, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience