STMicroelectronics Buys Back Shares Worth $43.7M
Ticker: STMEF · Form: 6-K · Filed: Oct 28, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, semiconductors
TL;DR
STM bought back 1M shares for $43.7M last week as part of its buy-back program.
AI Summary
STMicroelectronics N.V. reported on October 28, 2024, the results of its share buy-back program for the period of October 21, 2024, to October 25, 2024. During this period, the company repurchased 1,000,000 shares at an average price of $43.69 per share, for a total cost of $43,690,000. This buy-back is part of a previously announced program.
Why It Matters
This buy-back activity indicates the company's confidence in its stock value and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not contain new material risks.
Key Numbers
- $43.7M — Share Buy-back Value (Total amount spent on repurchasing shares between Oct 21-25, 2024.)
- 1,000,000 — Shares Repurchased (Number of shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- October 28, 2024 (date) — Report Date
- October 21, 2024 (date) — Start of Buy-back Period
- October 25, 2024 (date) — End of Buy-back Period
- 1,000,000 (share_count) — Shares Repurchased
- $43.69 (dollar_amount) — Average Price Per Share
- $43,690,000 (dollar_amount) — Total Cost of Buy-back
FAQ
What was the total number of STMicroelectronics' own shares traded as part of the buy-back program during the specified period?
STMicroelectronics traded 1,000,000 of its own shares.
What was the average price per share for the repurchased shares?
The average price per share was $43.69.
What was the total amount spent on the share buy-back program for the week of October 21, 2024?
The total cost for the repurchased shares was $43,690,000.
What is the filing date of this report?
The report was filed on October 28, 2024.
Is this buy-back program a new initiative or part of a previously announced one?
This buy-back is part of a previously announced share buy-back program.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-10-28 16:15:23
Filing Documents
- ss4044701_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 21KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000824.txt ( ) — 62KB
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 28, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience