STM Buys Back $23.1M in Shares
Ticker: STMEF · Form: 6-K · Filed: May 12, 2025 · CIK: 932787
| Field | Detail |
|---|---|
| Company | Stmicroelectronics N.V. (STMEF) |
| Form Type | 6-K |
| Filed Date | May 12, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, capital-return, semiconductors
Related Tickers: STM
TL;DR
STM spent $23.1M buying its own stock last week, May 5-9.
AI Summary
STMicroelectronics N.V. (STM) reported on May 12, 2025, the results of its share buy-back program for the period of May 5 to May 9, 2025. The company repurchased a total of 1,100,000 shares at an average price of $21.00 per share, for a total cost of approximately $23.1 million. This activity is part of a previously announced share buy-back program.
Why It Matters
This buyback indicates STMicroelectronics' confidence in its stock value and its commitment to returning capital to shareholders, potentially supporting the stock price.
Risk Assessment
Risk Level: low — This filing is a routine report on share buyback activity and does not introduce new material risks.
Key Numbers
- $23.1M — Share Buyback Cost (Total amount spent by STMicroelectronics on repurchasing its own shares between May 5-9, 2025.)
- 1.1M — Shares Repurchased (Number of STMicroelectronics shares bought back during the specified period.)
Key Players & Entities
- STMicroelectronics N.V. (company) — Registrant
- May 12, 2025 (date) — Report date
- May 5, 2025 (date) — Start of buy-back period
- May 9, 2025 (date) — End of buy-back period
- 1,100,000 (number) — Number of shares repurchased
- $21.00 (dollar_amount) — Average price per share
- $23.1 million (dollar_amount) — Total cost of buy-back
FAQ
What was the total number of STMicroelectronics shares repurchased during the specified period?
STMicroelectronics repurchased a total of 1,100,000 shares.
What was the average price per share paid for the repurchased shares?
The average price per share was $21.00.
What was the total monetary value of the share buy-back program for the period May 5-9, 2025?
The total cost for the repurchased shares was approximately $23.1 million.
What is the filing date of this report?
This report was filed on May 12, 2025.
Is this share buy-back activity part of a new or previously announced program?
This activity is part of a previously announced share buy-back program.
Filing Details
This Form 6-K (Form 6-K) was filed with the SEC on May 12, 2025 regarding STMicroelectronics N.V. (STMEF).