STMicroelectronics Buys Back 1M Shares for $42.7M
Ticker: STMEF · Form: 6-K · Filed: Dec 2, 2024 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Dec 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return
Related Tickers: STM
TL;DR
STM bought back 1M shares for $42.7M last week as part of its ongoing program.
AI Summary
STMicroelectronics N.V. (STM) reported on December 2, 2024, the results of its share buy-back program for the period of November 25, 2024, to November 29, 2024. During this period, the company repurchased 1,000,000 shares at an average price of $42.71 per share, for a total cost of $42,710,000. This buy-back is part of a previously announced program.
Why It Matters
This buy-back activity indicates the company is returning capital to shareholders and potentially signaling confidence in its stock valuation.
Risk Assessment
Risk Level: low — The filing is a routine report on share buy-back activity and does not introduce new material risks.
Key Numbers
- $42.7M — Share Buy-back Cost (Total amount spent on repurchasing shares from Nov 25-29, 2024.)
- 1M — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- November 25, 2024 (date) — Start of buy-back period
- November 29, 2024 (date) — End of buy-back period
- 1,000,000 (number) — Number of shares repurchased
- $42.71 (dollar_amount) — Average price per share
- $42,710,000 (dollar_amount) — Total cost of buy-back
- December 2, 2024 (date) — Date of press release
FAQ
What was the total number of STMicroelectronics shares repurchased during the specified period?
STMicroelectronics repurchased 1,000,000 shares.
What was the average price per share paid for the repurchased shares?
The average price per share was $42.71.
What was the total monetary value of the share buy-back program for the period November 25, 2024, to November 29, 2024?
The total cost for the repurchased shares was $42,710,000.
On what date was the press release announcing these buy-back results issued?
The press release was dated December 2, 2024.
Is this share buy-back activity part of a new or existing program?
This activity is part of a previously announced share buy-back program.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-12-02 16:17:23
Filing Documents
- ss4185176_6k.htm (6-K) — 24KB
- image_001.jpg (GRAPHIC) — 21KB
- image_002.jpg (GRAPHIC) — 3KB
- 0000947871-24-000971.txt ( ) — 57KB
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: December 2, 2024 By: /s/ Lorenzo Grandi Name: Lorenzo Grandi Title: Chief Financial Officer President, Finance, Purchasing, ERM and Resilience