Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated June 10, 2019. The document serves as a disclosure of transactions in the company's own shares under a previously announced share buy-back program. The specific reporting period for the disclosed transactions is June 3, 2019, to June 7, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the period. Key metrics disclosed include:
- Shares Repurchased: 15,201 ordinary shares (0.002% of issued share capital).
- Weighted Average Purchase Price: EUR 13.5780 per share.
- Total Amount Paid: EUR 206,398.86.
- Treasury Shares Held: Following these transactions, the company holds 16,832,250 treasury shares, representing approximately 1.8% of issued share capital.
- Historical Revenue: 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 report material changes to the company's business operations, financial condition, or results of operations compared to prior periods. The only change reported is the incremental increase in treasury shares held by the company due to the buy-back activity during the specified week.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It is a routine regulatory disclosure regarding the execution of the share repurchase program approved by shareholders on May 31, 2018.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,832,250) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the company's investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in share count.