STMicroelectronics Buys Back Own Shares
Ticker: STMEF · Form: 6-K · Filed: Nov 18, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Nov 18, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, company-update
Related Tickers: STM
TL;DR
STM bought back its own stock starting Nov 11, part of a bigger plan.
AI Summary
STMicroelectronics N.V. reported on November 18, 2024, the results of its share buy-back program for the period starting November 11, 2024. The company purchased its own shares as part of a previously announced 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 — The filing is a routine update on a share buy-back program, not indicating new financial distress or significant strategic shifts.
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- November 18, 2024 (date) — Filing Date
- November 11, 2024 (date) — Start of Buy-back Period
FAQ
What is the purpose of the share buy-back program?
The filing states it is part of a previously announced share buy-back program, implying a strategy to manage share count or return capital.
When did the current phase of the buy-back program begin?
The trading in STMicroelectronics' own shares as part of the program began on November 11, 2024.
What type of filing is this?
This is a Form 6-K, a Report of Foreign Private Issuer.
Where is STMicroelectronics N.V. headquartered?
The principal executive offices are located at WTC Schiphol Airport, Schiphol Boulevard 265, 1118 BH Schiphol Airport, The Netherlands.
Does STMicroelectronics file annual reports under Form 20-F or 40-F?
STMicroelectronics N.V. files annual reports under cover of Form 20-F.
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-11-18 16:17:06
Filing Documents
- ss4132031_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 20KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000935.txt ( ) — 60KB
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 18, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience