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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| QUALCOMM Inc | NASDAQ:QCOM | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.76 | 2.58% | 188.97 | 188.51 | 188.90 | 189.29 | 184.35 | 184.51 | 7,698,522 | 21:50:56 |
From May 2019 to May 2024
Qualcomm Inc. on Thursday said it would launch an accelerated share-repurchase program for $5 billion in stock with two financial institutions.
The move is part of the semiconductor's plan, which was unveiled in March, for a new $15 billion buyback program. It said at the time that it intended to repurchase $10 billion of stock within 12 months.
"We are pleased to initiate this accelerated share repurchase as we continue to execute on our enhanced capital return program," said Chief Executive Steve Mollenkopf. "These repurchases represent a significant step toward meeting our goal of repurchasing $10 billion of common stock by March 2016," Mr. Mollenkopf said.
The initial delivery will be 57.7 million shares, the company said. Qualcomm said it is funding the repurchase with proceeds from its recently completed $10 billion debt offering.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
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