Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated September 9, 2019. The document serves as a disclosure of transactions in the company's own shares under its common share repurchase program. The specific reporting period for these transactions covers September 2, 2019, to September 6, 2019.
Key Financial Metrics
The filing details specific share repurchase activity rather than full financial statements. Key metrics for the reporting period include:
- Shares Repurchased: 164,804 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 2,633,785.21.
- Weighted Average Price: EUR 15.9813 per share.
- Market: Euronext Paris (XPAR).
- Treasury Shares Held: Following these transactions, the company holds 18,370,123 treasury shares, representing approximately 2.0% of issued share capital.
The filing notes that 2018 net revenues were $9.66 billion. The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing does not provide comparative financial data for the prior period to assess material changes in revenue or profitability. The primary change disclosed is the reduction of outstanding shares through the repurchase of 164,804 shares during the five-day period.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or specific risk factors. It references the company's general business strategy of delivering intelligent and energy-efficient products for applications including automotive, industrial, and IoT. The filing notes that 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 (18,370,123) against the company's latest 20-F annual report.
- Confirm the remaining authorization limit for the share buy-back program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and total shares repurchased to date.