STMicroelectronics Buys Back Shares Worth $46.2M
Ticker: STMEF · Form: 6-K · Filed: Nov 4, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Nov 4, 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 $46.2M in stock from Oct 28-Nov 4, showing confidence.
AI Summary
STMicroelectronics N.V. (STM) reported on November 4, 2024, the results of its share buy-back program for the period of October 28, 2024. The company purchased a total of 1,100,000 shares at an average price of $42.00 per share, for a total consideration of approximately $46.2 million.
Why It Matters
This buy-back activity indicates STMicroelectronics' confidence in its valuation and its commitment to returning capital to shareholders, potentially supporting the stock price.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity, which is a common corporate action.
Key Numbers
- $46.2M — Share Buy-back Value (Total amount spent on repurchasing shares)
- 1,100,000 — Shares Repurchased (Volume of shares bought back)
- $42.00 — Average Share Price (Average price paid per share during the buy-back period)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- November 4, 2024 (date) — Reporting date
- October 28, 2024 (date) — Start of buy-back period
- 1,100,000 shares (dollar_amount) — Number of shares purchased
- $42.00 (dollar_amount) — Average price per share
- $46.2 million (dollar_amount) — Total consideration for 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 purchased a total of 1,100,000 shares.
What was the average price per share paid for the repurchased shares?
The average price per share was $42.00.
What was the total monetary value of the shares repurchased?
The total consideration for the repurchased shares was approximately $46.2 million.
What is the reporting period for the share buy-back results?
The results are for the period from October 28, 2024.
What is the filing date of this report?
This report was filed on November 4, 2024.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-11-04 16:16:49
Filing Documents
- ss4075072_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 21KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000840.txt ( ) — 63KB
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: November 4, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience