Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated December 2, 2019. The document serves as a disclosure of transactions in the company's own shares under its previously announced share repurchase program. The specific reporting period for the disclosed activity is November 25, 2019, to November 29, 2019.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity and does not report comprehensive financial statements such as revenue, profit, or cash flow for the current period. Historical context notes that 2018 net revenues were $9.66 billion.
| Metric | Value |
|---|---|
| Shares Repurchased (Period) | 54,623 |
| Percentage of Issued Capital (Period) | 0.01% |
| Weighted Average Purchase Price | EUR 22.0742 |
| Total Amount Paid (Period) | EUR 1,205,756.31 |
| Total Treasury Shares Held (Post-Period) | 21,298,168 |
| Treasury Shares as % of Issued Capital | Approx. 2.3% |
Material Changes
The filing does not provide comparative data against prior periods to determine material changes in financial performance. The only reported change is the increase in treasury shares held by the company following the repurchase of 54,623 shares during the week of November 25, 2019.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors. It confirms that the repurchase program was approved by a shareholder resolution on May 31, 2018, and the supervisory board. The company states that a full breakdown of individual trades is available on its investor website in compliance with EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (21,298,168) against the company's latest 20-F annual report.
- Confirm the remaining authorization limit for the share buyback program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website as referenced in the filing.
- Note that this filing does not contain Q4 2019 or full-year 2019 financial results; investors should seek the company's quarterly earnings release for those metrics.