Silicon Labs Buyback
OLI recorded this information on 11/1/2022
Company: |
Silicon Labs |
Buyback: |
SLAB buyback |
$Amount Authorized: |
$300,000,000 |
Buyback Details: |
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced its board of directors has increased the authorization for repurchase of the company's common stock by an additional $50 million. Originally announced on July 27, 2022, and subsequently increased on August 29, 2022, the stock repurchase program has a remaining authorized amount of $300 million, inclusive of this incremental $50 million. The authorization remains in effect until December 30, 2023. |
Silicon Laboratories is engaged in intelligent wireless technology. Co. provides analog-intensive, mixed-signal solutions for use in various electronic products in a range of applications for the Internet of Things including connected home and security, industrial automation and control, smart metering, smart lighting, commercial building automation, consumer electronics, and asset tracking. Co.'s products include wireless microcontrollers and sensor products. Co.'s EFM32, EFM8, 8051, wireless MCUs and wireless system-on-chips are based on various wireless protocols. Co.'s sensor products include optical sensors, relative humidity / temperature sensors and Hall effect magnetic sensors.
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Company Name: |
Silicon Laboratories Inc |
Stock buyback: |
SLAB buyback |
Website: |
www.silabs.com |
Sector: |
Semiconductors |
Number of ETFs Holding SLAB: |
57 |
Total Market Value Held by ETFs: |
$788.14M |
Total Market Capitalization: |
$3.65B |
% of Market Cap. Held by ETFs: |
21.60% |
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