Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated February 8, 2021. The report discloses the status of the Company's common share repurchase program for the period from February 1, 2021, to February 5, 2021. STMicroelectronics is a global semiconductor leader serving customers across various electronics applications, including mobility, power management, IoT, and 5G technology.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report revenue, profit, cash flow, margins, debt, or liquidity metrics for the period.
- Shares Repurchased: 308,508 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 10,436,294.24.
- Weighted Average Purchase Price: EUR 33.8283 per share.
- Trading Venue: Euronext Paris (XPAR).
- Treasury Shares Held: 7,586,100 shares (approximately 0.8% of issued share capital) following these transactions.
Material Changes
The filing does not provide comparative data against a prior period to determine material changes in financial performance. The document serves as a regulatory disclosure of specific trading activity under an existing program approved by shareholders on May 31, 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly details the execution of the share buy-back program in compliance with the Market Abuse Regulation (EU) 596/2014. A full breakdown of individual trades is available on the Company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (7,586,100) against the Company's latest capital structure reports.
- Confirm the remaining authorization limit for the share repurchase program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Check subsequent filings for updates on the buy-back program status or changes in treasury share holdings.