Silicon Labs Buyback
OLI recorded this information on 8/27/2015
Silicon Labs (NASDAQ:SLAB), a leading provider of silicon, software and system solutions for the Internet of Things (IoT), today announced that its board of directors approved a new share repurchase program that authorizes management to buy back up to $100 million of the Company's common stock through fiscal year 2016. The new program is additive to the remainder of the Company's previous $100 million share repurchase program, with $47 million remaining as of August 25, 2015.
Silicon Laboratories is a provider of silicon, software and solutions for the Internet of Things (IoT), internet infrastructure, industrial automation, consumer and automotive markets. Co. provides analog-intensive, mixed-signal solutions for use in a variety of electronic products in a range of applications for the IoT including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, asset tracking and medical instrumentation. Co. provides a range of timing and isolation products for infrastructure applications including clocks and oscillators for networking equipment, data centers, and servers.
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Buy (3.10 out of 4)