Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated March 4, 2019. The report discloses transactions in the company's own shares conducted under its share buy-back program for the period from February 25, 2019, to March 1, 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 current period. Key metrics disclosed include:
- Shares Repurchased: 323,237 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 4,775,410.31.
- Weighted Average Price: EUR 14.7737 per share.
- Treasury Shares Held: 15,594,208 shares (approximately 1.7% 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 clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the reduction of outstanding shares through the buy-back program. The company executed trades on the Euronext Paris regulated market (MIC code: XPAR) over five consecutive trading days. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, outlook, or management commentary regarding future performance. It references the share buy-back program approved by shareholders on May 31, 2018. The filing notes compliance with the EU Market Abuse Regulation regarding the disclosure of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (15,594,208) against the latest Form 20-F or annual report.
- 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 Q1 2019 operational results, as this 6-K only covers share repurchases.