Cirrus Logic, Inc. Buyback
OLI recorded this information on 11/20/2012
Company:
Cirrus Logic, Inc.
Buyback:
CRUS buyback
$Amount Authorized:
$200,000,000
Buyback Details:
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.'s product line categories are audio and high-performance mixed-signal (HPMS). Co. is a supplier of audio components that are used in a variety of applications including smartphones and other audio systems. Co. has a portfolio of products: codecs, which are components that integrate analog-to-digital converters and digital-to-analog converters into a single integrated circuit (IC); smart codecs, which are codecs with integrated digital signal processing; boosted amplifiers; and standalone digital signal processors. Co. provides a range of HPMS products, including haptic and sensing solutions, and battery and power ICs.
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Avg. Broker Rec.
 
|
Buy (3.44 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: CRUS Stock Forecast Based on Zacks ABR data; powered by Xignite |
