Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated December 3, 2018. The report discloses the status of the Company's common share repurchase program for the period from November 26, 2018, to November 30, 2018. 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 period.
- Shares Repurchased: 879,112 ordinary shares (0.1% of issued share capital).
- Total Cost: EUR 11,285,105.60.
- Weighted Average Price: EUR 12.8369 per share.
- Treasury Shares Held: 12,840,685 shares (approximately 1.4% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2017 net revenues were $8.35 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 buyback program. The Company executed trades on the Euronext Paris regulated market (MIC code: XPAR) daily throughout the reporting week. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. It serves strictly as a regulatory disclosure of transactions in own shares pursuant to the Market Abuse Regulation. 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 (12,840,685) against the Company's latest capital structure reports.
- Confirm the remaining authorization limit for the share buyback 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 the next tranche of buyback activity or program termination.