Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated March 11, 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 March 4, 2019, to March 8, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period. Key metrics include:
- Shares Repurchased: 406,350 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 5,802,846.58.
- Weighted Average Price: EUR 14.2804 per share.
- Treasury Shares Held: 16,000,558 shares (approximately 1.8% of issued share capital) following these transactions.
- Prior Year 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 material change reported is the reduction of outstanding shares through the repurchase of 406,350 shares on the Euronext Paris regulated market. The weighted average purchase price declined from EUR 14.8202 on March 4 to EUR 13.7813 on March 8 within the reporting period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors. It references the company's general business as a global semiconductor leader serving over 100,000 customers. The disclosure is made in accordance with the EU Market Abuse Regulation (Regulation 596/2014).
Investor Verification Checklist
- Verify the total number of treasury shares held (16,000,558) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buy-back program approved on May 31, 2018.
- Review the detailed trade breakdown on the ST investor website as referenced in the filing.
- Compare the repurchase price (EUR 14.28) against the prevailing market price of STM on Euronext Paris during the period.