STMicroelectronics Buys Back $42M in Shares
Ticker: STMEF · Form: 6-K · Filed: Oct 15, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Oct 15, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
TL;DR
STM bought back $42M of its own stock at $42/share, part of ongoing program.
AI Summary
STMicroelectronics N.V. reported on October 14, 2024, the results of its share buy-back program. The company traded 1,000,000 of its own shares for an average price of $42.00 per share, totaling $42,000,000. This activity is part of a previously announced program.
Why It Matters
The buy-back program indicates STMicroelectronics' confidence in its valuation and its commitment to returning capital to shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update on a share buy-back program and does not contain new material risks.
Key Numbers
- $42.0M — Share Buy-Back Value (Total amount spent on repurchasing shares)
- 1.0M — Shares Repurchased (Number of shares bought back)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- October 14, 2024 (date) — Press release date
- 1,000,000 (dollar_amount) — Number of shares traded
- $42.00 (dollar_amount) — Average price per share
- $42,000,000 (dollar_amount) — Total value of shares traded
FAQ
What was the total value of STMicroelectronics' share buy-back activity reported on October 14, 2024?
The total value of the share buy-back activity was $42,000,000.
How many shares did STMicroelectronics trade as part of its buy-back program?
STMicroelectronics traded 1,000,000 of its own shares.
What was the average price per share for the shares repurchased?
The average price per share was $42.00.
Is this share buy-back activity new or part of a previous program?
This activity is part of a previously announced share buy-back program.
What is the filing date of this Report of Foreign Private Issuer?
The filing date is October 15, 2024.
Filing Stats: 722 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-10-15 16:15:19
Filing Documents
- ss3986659_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 19KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000803.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: October 15, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience