Maxim Integrated Products, Inc. Buyback
OLI recorded this information on 7/25/2013
Maxim Integrated Products, Inc.
Maxim Integrated's Board of Directors has authorized the repurchase of up to $1.0 billion of the Company's Common Stock. All repurchases will be subject to market and economic conditions. The stock repurchase authorization does not have an expiration date and the pace of repurchase activity will depend on factors such as current stock price, levels of cash generation from operations, cash requirements and other factors. Under the Company's prior repurchase authorization from August 2011, which is now cancelled and superseded by this new authorization, the Company repurchased 23 million shares for $641 million.
Maxim Integrated Products designs, develops, manufactures and markets a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The analog market is fragmented and characterized by various applications, product variations and, with respect to different circuit types. Co.'s linear and mixed signal products serve the Automotive, Communications & Data Center, Consumer, and Industrial end-markets. Co. primarily utilizes third party foundries as well as its own wafer fabrication facility for the production of its wafers. Co. markets its products through a direct-sales and applications organization and through its own and other unaffiliated distribution channels.
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Hold (2.40 out of 4)