Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated January 28, 2019. The report discloses transactions in the Company's own shares conducted under its share buy-back program for the period from January 21, 2019, to January 25, 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 reporting period. Key metrics disclosed include:
- Shares Repurchased: 204,803 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 2,570,270.48.
- Weighted Average Price: EUR 12.55 per share.
- Treasury Shares Held: 14,081,501 shares (approximately 1.5% of issued share capital) following these transactions.
- Prior Year Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide clear values for current period profit, cash flow, margins, debt, or liquidity.
Material Changes
The primary material change reported is the reduction of outstanding shares through the buy-back program. The Company executed trades on the Euronext Paris regulated market (MIC code: XPAR) over five trading days. 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 in compliance with the Market Abuse Regulation (EU) 596/2014. The Company directs investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (14,081,501) 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 new financial results.