Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated March 25, 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 March 18, 2019, to March 22, 2019.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance for the period.
- Shares Repurchased: 326,717 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 4,726,633.23.
- Weighted Average Purchase Price: EUR 14.4670 per share.
- Treasury Shares Held: Following these transactions, the company holds 16,625,524 treasury shares, representing approximately 1.8% of issued share capital.
- Historical Revenue: The filing notes that 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 material change reported is the reduction of outstanding shares through the repurchase of 326,717 shares on the Euronext Paris regulated market. The weighted average price fluctuated daily between EUR 14.3520 and EUR 14.7849 during the reporting week.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, management commentary on future outlook, 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 share buy-back program was approved by a shareholder resolution on May 31, 2018.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,625,524) 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 company's investor website as referenced in the filing.
- Check subsequent filings for the impact of these buybacks on earnings per share (EPS).