Micrel, Incorporated Buyback
OLI recorded this information on 8/21/2014
Micrel, Incorporated (NASDAQ: MCRL), a leading global manufacturer of IC solutions for the worldwide high performance linear and power, LAN and timing and communications markets, today announced that its Board of Directors authorized the repurchase of an additional $25.0 million of Micrel's common stock. This new authorization is in addition to the approximately $17.7 million of the Board of Directors' previous authorization remaining as of August 19, 2014.
Micrel designs, develops, manufactures and markets a range of analog power integrated circuits (ICs), mixed-signal ICs and digital ICs. These products address end markets including cellular handsets, portable computing, enterprise and home networking, wide area and metropolitan area networks, digital televisions and industrial equipment. Co. also provides custom and foundry services which include silicon wafer fabrication, IC assembly and testing. Co.'s wafer foundry services are provided to a range of customers that produce electronic systems for communications, consumer, automotive and military applications.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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