ON Semiconductor Buyback
OLI recorded this information on 12/1/2014
The Board of Directors also approved a new share repurchase program under the new policy. Under the new share repurchase program, the company intends to repurchase approximately $1 billion worth of its common shares over a four year period, subject to the same factors and considerations described above. The new stock repurchase program is effective today and the $300 million stock repurchase program announced in August of 2012 has been terminated.
ON Semiconductor provides a range of power and signal management, logic, discrete and custom devices. Co. Co. has three segments: Application Products Group, which designs and develops analog, mixed-signal and advanced logic Application Specific Integrated Circuits and Application Specific Standard Product solutions; Standard Products Group, which includes diodes and transistors, analog products, Light-Emitting Diode drivers, and Electrically Erasable Programmable Read-Only Memory; and System Solutions Group, which provides analog and mixed signal Integrated Circuits, microcontrollers, Digital Signal Processing, analog and digital tuners, power modules, memory and discrete semiconductors.
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Buy (3.14 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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