Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated February 4, 2019. The report discloses transactions in the company's own shares under a previously announced share buy-back program for the period from January 28, 2019, to February 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 performance for the current period. Key metrics disclosed include:
- Shares Repurchased: 345,155 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 4,794,552.96.
- Weighted Average Price: EUR 13.8910 per share.
- Treasury Shares Held: 14,426,656 shares (approximately 1.6% of issued share capital) following these transactions.
- Prior Year Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide clear values for current period profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 345,155 shares on the Euronext Paris regulated market. This activity increased the company's treasury share holdings to 1.6% of its total issued share capital.
Guidance, Outlook, and Risks
The filing does not contain new financial guidance, outlook, or management commentary regarding future operational performance. It references the shareholder resolution dated May 31, 2018, and supervisory board approval for the buy-back program. No specific risks or contingencies are detailed in this specific disclosure, other than the standard regulatory compliance with the Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (14,426,656) against the company's latest capital structure filings.
- Confirm the remaining authorization amount 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.
- Compare the weighted average purchase price (EUR 13.8910) against the prevailing market price during the transaction period.