Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated May 13, 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 the disclosed transactions is May 6, 2019, to May 10, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period. Key metrics disclosed include:
- Shares Repurchased: 560,408 ordinary shares (0.06% of issued share capital).
- Total Cost: EUR 8,578,857.61.
- Weighted Average Price: EUR 15.3082 per share.
- Treasury Shares Held: 18,859,054 shares (approximately 2.1% 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.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 560,408 shares on the Euronext Paris regulated market. The weighted average purchase price fluctuated daily during the period, ranging from a high of EUR 15.7114 on May 6 to a low of EUR 14.9701 on May 10.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. It is a routine regulatory disclosure confirming compliance with the Market Abuse Regulation (EU) 596/2014 regarding the disclosure of own share transactions. The company refers investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (18,859,054) against the company's latest capital structure reports.
- Confirm the remaining authorization limit for the share buy-back program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor relations website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in the weighted average price.