Xilinx Board of Directors Authorizes A Repurchase Of Up To $750 Million Of The Company's Outstanding Common Stock
SAN JOSE, Calif., Aug. 13, 2012 -- Xilinx, Inc. (Nasdaq: XLNX) today announced that its Board of Directors has granted an authorization for the Company to repurchase up to $750 million of its common stock, or approximately 8 percent of its outstanding shares at the current stock price. Since fiscal 2008, the Company has repurchased over 68 million shares for approximately $1.8 billion. Timing of repurchases and exact number of shares of common stock to be purchased will depend upon prevailing market conditions and other factors.
"Our repurchase authorization signals a high level of confidence in Xilinx's growth prospects as well as in our continued ability to consistently generate healthy operating cash," said Moshe Gavrielov, Xilinx President and Chief Executive Officer. "Through a cash deployment strategy that combines share repurchase and dividend, Xilinx has returned over $2.6 billion of cash to shareholders since fiscal 2008."
About Xilinx
Xilinx develops All Programmable technologies and devices, beyond hardware to software, digital to analog, and single to multiple die in 3D ICs. These industry leading devices are coupled with a next-generation design environment and IP to serve a broad range of customer needs, from programmable logic to programmable systems integration. For more information visit www.xilinx.com.
|
Xilinx, Inc. Hot IP
Related News
- Saifun Board of Directors Authorizes the Repurchase of Up to 1.5 Million of Saifun Ordinary Shares
- Synopsys Replenishes Repurchase Authorization up to $500 Million
- Xilinx Board Of Directors Increases Repurchase Authorization By $1 Billion
- Monolithic System Technology, Inc. Authorizes $25 Million Stock Repurchase Plan
- Synopsys Approves Stock Repurchase Program with Authorization Up to $1.5 Billion
Breaking News
- Omni Design Technologies Joins Intel Foundry Accelerator IP Alliance
- Efabless Announces the Release of the OpenLane 2 Development Platform, Transforming Custom Silicon Design Flows
- TSMC Reports First Quarter EPS of NT$8.70
- Brisbane Silicon publishes DPTx 1.4 IP Core
- GUC provides 3DIC ASIC total service package to AI/HPC/Networking customers
Most Popular
- U.S. Subsidy for TSMC Has AI Chips, Tech Leadership in Sight
- Cadence Unveils Palladium Z3 and Protium X3 Systems to Usher in a New Era of Accelerated Verification, Software Development and Digital Twins
- Zhuhai Chuangfeixin: OTP IP Based on 90nm CMOS Image Sensor Process Technology Successfully Mass Production
- Silvaco Announces Expanded Partnership with Micron Technology
- OPENEDGES Unveils ENLIGHT Pro: A High-Performance NPU IP Quadrupling its Previous Generation's Performance
E-mail This Article | Printer-Friendly Page |