Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated April 23, 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 April 15, 2019, to April 18, 2019.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial performance for the period. Key metrics include:
- Shares Repurchased: 207,908 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 3,365,005.46.
- Weighted Average Purchase Price: EUR 16.1851 per share.
- Market: Euronext Paris (XPAR).
- Treasury Shares Held: Following these transactions, the company holds 17,706,644 treasury shares, representing approximately 1.9% of issued share capital.
- Prior Year Revenue: The filing notes that 2018 net revenues were $9.66 billion.
Material Changes
The filing does not provide comparative data for the share repurchase activity versus a prior comparable period. It details the execution of the program approved by shareholders on May 31, 2018. The daily purchase prices fluctuated between EUR 15.9464 and EUR 16.5588 during the four-day period.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future operations, or specific risk factors related to the company's business outlook. It strictly reports on the execution of the share buy-back program in compliance with the Market Abuse Regulation (EU) 596/2014. A full breakdown of individual trades is referenced as available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (17,706,644) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Note that this filing does not contain Q1 2019 financial results; investors should seek the company's quarterly earnings release for operational metrics.