Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated October 22, 2019. The document discloses the status of the Company's common share repurchase program for the period from October 14, 2019, to October 18, 2019. STMicroelectronics is a global semiconductor leader serving over 100,000 customers worldwide.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period. Key metrics disclosed include:
- Shares Repurchased: 401,046 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 7,712,572.31.
- Weighted Average Price: EUR 19.2311 per share.
- Treasury Shares Held: 19,753,076 shares (approximately 2.2% of issued share capital) following these transactions.
- Historical Revenue: Net revenues for the full year 2018 were $9.66 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
The filing details a specific increase in treasury shares held by the Company. Following the repurchases in the reported week, the total treasury share count reached 19,753,076. No other material changes to financial position or operations are disclosed in this specific report.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, outlook, or management commentary on future performance. It references the share buy-back program approved by shareholders on May 31, 2018. The document notes compliance with the Market Abuse Regulation (EU) 596/2014 regarding the disclosure of individual trades.
Investor Verification Checklist
- Verify the total remaining authorization under the share buy-back program approved in May 2018.
- Confirm the current market price of STM shares relative to the weighted average purchase price of EUR 19.2311.
- Review the full breakdown of individual trades on the ST investor website as referenced in the filing.
- Check subsequent filings for Q3 2019 operational results, as this 6-K only covers share repurchase activity.