Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated August 26, 2019. The document serves as a disclosure of transactions in the company's own shares under its previously announced share buy-back program. The specific reporting period for these transactions covers August 19, 2019, to August 23, 2019.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance for the period.
- Shares Repurchased: 226,962 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 3,685,892.63.
- Weighted Average Price: EUR 16.2401 per share.
- Treasury Shares Held: Following these transactions, the company holds 17,850,585 treasury shares, representing approximately 2.0% of issued share capital.
- Historical 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 metrics.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 226,962 shares on the Euronext Paris regulated market. The weighted average purchase price fluctuated daily between EUR 15.72 and EUR 16.48 during the reporting week.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. It references the company's general business strategy of delivering intelligent and energy-efficient products for automotive, industrial, and IoT applications. The disclosure is made in accordance with the EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (17,850,585) against the company's latest 20-F or annual report.
- Confirm the remaining authorization limit for the share buy-back program approved on May 31, 2018.
- Review the detailed trade breakdown on the company's investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in share count.