Cirrus Logic, Inc. Buyback
OLI recorded this information on 11/20/2012
Cirrus Logic, Inc.
Cirrus Logic, Inc., a leader in high-precision analog and digital signal processing components, announced that its Board of Directors has authorized the repurchase of up to $200 million of the company's common stock. The repurchases will be funded from working capital and anticipated cash from operations, and may occur from time to time depending on general market and economic conditions. The timing of the repurchases and the actual amount purchased will depend on a variety of factors including the market price of the company's shares, general market and economic conditions, and other corporate considerations. The share repurchase program is designed to comply with all applicable securities laws, and may be suspended or discontinued at any time without notice.
Cirrus Logic is engaged in mixed-signal processing solutions. Co. has the following product lines: Portable Products, including codecs, which are chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC), smart codecs, which are codecs with digital signal processing integrated, amplifiers, haptic and sensing solutions, as well as standalone digital signal processors, and its SoundClear® technology, which consists of a portfolio of tools, software and algorithms; and Non-Portable and Other Products, which include ICs, codecs, ADCs, DACs, digital interfaces and amplifiers.
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Buy (3.36 out of 4)