Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated August 19, 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 12, 2019, to August 16, 2019.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance for the period.
- Shares Repurchased: 469,464 ordinary shares (0.05% of issued share capital).
- Total Cost: EUR 7,344,474.53.
- Weighted Average Price: EUR 15.6444 per share.
- Treasury Shares Held: 17,623,623 shares (approximately 1.9% 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 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 469,464 shares on the Euronext Paris regulated market. This activity increased the company's treasury share holdings to 1.9% of its total issued share capital.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors. It references the company's general business strategy of delivering intelligent and energy-efficient products for applications including automotive, industrial, and IoT. The disclosure is made in accordance with the EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (17,623,623) 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 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.