Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated November 29, 2021. The document serves as a disclosure of transactions in the company's own shares under a previously announced share repurchase program. The specific reporting period for these transactions is November 22, 2021, to November 26, 2021.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance metrics such as revenue, profit, or cash flow.
- Shares Repurchased: 171,899 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 7,550,896.10.
- Weighted Average Purchase Price: EUR 43.9264 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: Following these transactions, the company holds 4,600,659 treasury shares, representing approximately 0.5% of issued share capital.
The filing text does not provide clear values for revenue, profit, margins, debt, or liquidity for this period.
Material Changes
This filing reports a specific execution of the share buyback program approved by shareholders on May 27, 2021. There are no material changes to the company's business operations, financial condition, or debt structure disclosed in this specific document. The primary change is the reduction of outstanding shares by 171,899 units and the corresponding cash outflow of approximately EUR 7.55 million.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, forward-looking outlook statements, or new risk factors. It references the company's general business focus on semiconductor technologies, mobility, power management, IoT, and 5G. The disclosure is made in compliance with the Market Abuse Regulation (EU) 596/2014 regarding the transparency of own share transactions.
Investor Verification Checklist
- Verify the total number of treasury shares held (4,600,659) against the company's latest quarterly or annual report to confirm the 0.5% ownership stake.
- Confirm the remaining authorization limit for the share buyback program approved in May 2021 to assess future repurchase capacity.
- Review the detailed trade breakdown on the company's investor website (investors.st.com) for granular transaction data beyond the daily summary provided.
- Check subsequent filings for the continuation of the buyback program and any changes in the weighted average purchase price.