STMicroelectronics Buys Back Own Shares
Ticker: STMEF · Form: 6-K · Filed: Nov 12, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, company-update
TL;DR
STM bought back 10k shares on Nov 4th as part of its program.
AI Summary
STMicroelectronics N.V. reported on November 11, 2024, the results of its share buy-back program. The company traded 10,000 of its own shares on November 4, 2024, as part of this ongoing program.
Why It Matters
This indicates the company is actively managing its share count, potentially to return value to shareholders or offset dilution.
Risk Assessment
Risk Level: low — This filing is a routine update on a share buy-back program and does not contain significant new financial or operational risks.
Key Numbers
- 10,000 — Shares Traded (As part of the share buy-back program on November 4, 2024.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- November 11, 2024 (date) — Press release date
- November 4, 2024 (date) — Date of share trading
- 10,000 (dollar_amount) — Number of shares traded
FAQ
What is the total value of the share buy-back program?
The filing does not specify the total value of the share buy-back program, only the number of shares traded on a specific date.
When did the share buy-back program begin?
The filing mentions the program was 'previously announced' but does not provide a start date.
What is the purpose of this share buy-back program?
The filing states it is a share buy-back program, typically done to return value to shareholders or manage share count.
Are there any restrictions on the share buy-back program?
The filing does not detail any specific restrictions on the program.
What is the ticker symbol for STMicroelectronics N.V.?
The filing does not explicitly state the ticker symbol, but it is a foreign private issuer filing with the SEC.
Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 9.8 · Accepted 2024-11-12 16:15:45
Filing Documents
- ss4104013_6k.htm (6-K) — 28KB
- image_001.jpg (GRAPHIC) — 21KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000872.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: November 12, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience