STMicroelectronics Buys Back Shares Worth €3.5M
Ticker: STMEF · Form: 6-K · Filed: Mar 17, 2025 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | Mar 17, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, stock-repurchase, financial-update
Related Tickers: STM
TL;DR
STM bought back €3.5M in stock this week as part of its buy-back program.
AI Summary
STMicroelectronics N.V. announced on March 17, 2025, the results of its share buy-back program. The company traded 100,000 of its own shares on the Euronext Paris market for an average price of €35.00 per share, totaling €3,500,000. This activity is part of a previously announced program running from March 10, 2025, to March 21, 2025.
Why It Matters
This buy-back indicates the company's confidence in its valuation and can potentially increase earnings per share for remaining shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update on a pre-announced share buy-back program with no new material financial information.
Key Numbers
- €3.5M — Share Buy-back Value (Total amount spent on repurchasing shares as part of the program.)
- 100,000 — Shares Repurchased (Number of STMicroelectronics shares bought back.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- March 17, 2025 (date) — Announcement date
- March 10, 2025 (date) — Start of buy-back program
- March 21, 2025 (date) — End of buy-back program
- 100,000 (number) — Number of shares traded
- €35.00 (dollar_amount) — Average price per share
- €3,500,000 (dollar_amount) — Total value of shares traded
FAQ
What was the total value of STMicroelectronics shares bought back on March 17, 2025?
On March 17, 2025, STMicroelectronics N.V. traded 100,000 of its own shares for a total value of €3,500,000.
What is the average price per share for the buy-back activity announced on March 17, 2025?
The average price per share for the 100,000 shares traded as part of the buy-back program was €35.00.
When does the current share buy-back program for STMicroelectronics run?
The share buy-back program is for the period from March 10, 2025, to March 21, 2025.
Which market was used for the share buy-back activity?
The share buy-back activity was conducted on the Euronext Paris market.
Is this a new buy-back program or an update on an existing one?
This is an announcement of the results of trading in STMicroelectronics' own shares as part of a previously announced share buy-back program.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on March 17, 2025 regarding STMicroelectronics N.V. (STMEF).