Microsemi Corporation Buyback
OLI recorded this information on 7/27/2017
Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced its board of directors has authorized a new share buyback plan for the repurchase of up to $250 million of the company's common stock. The timing and amount of repurchase transactions under this program will depend on market conditions and corporate and regulatory decisions. The purchases will be funded from available working capital.
Microsemi designs, manufactures and markets analog and mixed-signal semiconductor solutions. Co. provides a portfolio of semiconductor and system solutions. Products include radiation-hardened analog mixed-signal integrated circuits, field programmable gate arrays, system on chip solutions and application-specific integrated circuits; power management products; time solutions; voice processing devices; radio frequency solutions; discrete components; enterprise storage and communication solutions; security technologies; Ethernet solutions; Power-over-Ethernet integrated circuits and midspans; as well as custom design capabilities and services.
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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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