STMicroelectronics Buys Back Shares for €3.7M
Ticker: STMEF · Form: 6-K · Filed: Nov 25, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Nov 25, 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 €3.7M in stock last week, avg €37/share.
AI Summary
STMicroelectronics N.V. announced on November 25, 2024, the results of its share buy-back program. The company traded 100,000 of its own shares on the Euronext Paris market between November 18 and November 22, 2024, at an average price of €37.00 per share, for a total cost of approximately €3.7 million.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders, potentially signaling confidence in its financial health and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine update on a share buy-back program and does not contain significant new risks.
Key Numbers
- €3.7M — Share Buy-Back Cost (Total amount spent on repurchasing shares)
- 100,000 — Shares Repurchased (Number of STMicroelectronics' own shares traded)
- €37.00 — Average Share Price (Average price paid per share during the buy-back)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant and issuer of shares
- Euronext Paris (company) — Market where shares were traded
- November 25, 2024 (date) — Date of the press release
- November 18, 2024 (date) — Start date of the buy-back period
- November 22, 2024 (date) — End date of the buy-back period
- €3.7 million (dollar_amount) — Total cost of shares repurchased
- €37.00 (dollar_amount) — Average price per share
- 100,000 (dollar_amount) — Number of shares repurchased
FAQ
What was the total number of STMicroelectronics shares traded as part of the buy-back program?
STMicroelectronics traded 100,000 of its own shares.
What was the total cost of the share buy-back program for the specified period?
The total cost was approximately €3.7 million.
On which market did STMicroelectronics trade its shares?
The shares were traded on the Euronext Paris market.
What was the average price per share during the buy-back period?
The average price per share was €37.00.
What is the period covered by this report on share trading?
The report covers the period from November 18, 2024, to November 22, 2024.
Filing Stats: 727 words · 3 min read · ~2 pages · Grade level 9.9 · Accepted 2024-11-25 16:15:34
Filing Documents
- ss4162498_6k.htm (6-K) — 29KB
- image_001.jpg (GRAPHIC) — 21KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000957.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 25, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience