Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM), dated June 8, 2021, discloses the status of the company's common share repurchase program. The report covers transactions executed between May 31, 2021, and June 4, 2021, on the Euronext Paris regulated market.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity rather than operational financial performance. Key metrics for the reporting period include:
- Total Shares Repurchased: 338,000 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 10,285,752.38.
- Weighted Average Purchase Price: EUR 30.4312 per share.
- Treasury Shares Held: 12,119,303 shares (approximately 1.5% of issued share capital) following these transactions.
The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
This filing reports a specific reduction in outstanding share count due to the buyback program. There is no comparative data provided in this document regarding changes in operational metrics versus prior periods.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly details the execution of a previously announced shareholder-approved program (approved May 31, 2018).
Investor Verification Checklist
- Verify the total number of treasury shares held (12,119,303) against the company's latest 20-F or quarterly report.
- Confirm the remaining authorization limit for the share buyback program approved in 2018.
- Review the detailed trade breakdown on the ST investor website (https://investors.st.com/buyback-program) for granular transaction data.
- Check the current market price of STM shares to compare against the weighted average purchase price of EUR 30.4312.