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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Analog Devices Inc | NASDAQ:ADI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 237.72 | 230.59 | 377.97 | 35 | 10:08:43 |
From Jul 2021 to Jul 2024
By Stephen Nakrosis
Analog Devices Inc. on Wednesday said its board approved an increase to the company's share buyback program of $8.5 billion.
With the increase, the company's buyback authorization is now about $10 billion, Analog Devices said.
The company said it expects to fund repurchases through cash from operation and from cash from the closing of the Maxim Integrated acquisition.
Vincent Roche, the company's president and chief executive, said "Today's announcement to significantly expand our share repurchase program reflects the strength of our balance sheet and our ability to generate robust cash flow."
The semiconductor company has a market cap of $61.07 billion, 368.21 million shares outstanding and a public float of 367.04 million shares.
-Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 25, 2021 16:32 ET (20:32 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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