Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated May 6, 2019. The report discloses the status of the Company's common share repurchase program for the period from April 29, 2019, to May 3, 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 results for the period. Key metrics include:
- Shares Repurchased: 256,965 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 4,183,129.22.
- Weighted Average Purchase Price: EUR 16.2790 per share.
- Treasury Shares Held: 18,298,646 shares (approximately 2.0% of issued share capital) following these transactions.
- Historical Revenue: Net revenues for the full year 2018 were $9.66 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
The primary material change reported is the reduction of outstanding shares through the buyback program. The Company executed transactions on the Euronext Paris regulated market (MIC code: XPAR) across four trading days within the specified period. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors. It is a regulatory disclosure of past transactions under the Market Abuse Regulation (EU) 596/2014. The Company notes that a full breakdown of individual trades is available on its investor relations website.
Investor Verification Checklist
- Verify the total number of treasury shares held (18,298,646) against the latest capitalization table.
- Confirm the remaining authorization amount for the share buyback program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Check subsequent filings for Q1 2019 operational results, as this filing only covers share repurchases.