Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated April 15, 2019. The report discloses transactions in the company's own shares conducted between April 8, 2019, and April 12, 2019, as part of a previously announced share buy-back program approved by shareholders on May 31, 2018.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period. Key metrics include:
- Shares Repurchased: 341,128 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 5,346,968.92.
- Weighted Average Price: EUR 15.6744 per share.
- Treasury Shares Held: 17,498,736 shares post-transaction (approximately 1.9% of issued share capital).
- 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 341,128 shares on the Euronext Paris regulated market. This activity increased the company's treasury share holdings to 1.9% of total issued capital.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors. It references the Market Abuse Regulation (EU) 596/2014 regarding the disclosure of individual trades, which are available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (17,498,736) against the 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 as referenced in the filing.
- Check subsequent filings for updated 2019 operational results, as this document only covers share transactions.