Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated November 4, 2019. The document discloses the status of the Company's common share repurchase program for the period from October 28, 2019, to November 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 full financial statements. Key metrics for the reporting period include:
- Shares Repurchased: 498,729 ordinary shares (0.05% of issued share capital).
- Total Cost: EUR 10,313,227.21.
- Weighted Average Price: EUR 20.6790 per share.
- Treasury Shares Held: 20,676,196 shares (approximately 2.3% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
This filing reports a specific increase in treasury shares held by the Company. There are no material changes to financial performance or operational metrics reported in this document, as it is a regulatory disclosure of a specific buyback window.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly details the execution of the share buyback program approved by shareholders on May 31, 2018.
Investor Verification Checklist
- Verify the total number of treasury shares held (20,676,196) against the Company's latest 20-F or quarterly reports.
- Confirm the remaining authorization limit for the share repurchase program approved in May 2018.
- Review the detailed trade breakdown on the ST investor website as referenced in the filing.
- Check subsequent filings for updated 2019 financial results, as this document only references 2018 revenue.