Xilinx Authorizes Stock Repurchase Program
Xilinx is the worldwide leader of programmable logic solutions
SAN JOSE, Calif. -- Feb. 13, 2006-- Xilinx, Inc. (Nasdaq: XLNX) today announced that its Board of Directors has approved an additional stock repurchase program whereby Xilinx is authorized to repurchase up to $600 million of its common stock in the open market.
"Xilinx is committed to returning value to our stockholders. During the past four quarters, the Company purchased 11.6 million shares for approximately $306.4 million. The increase in our stock repurchase program is a reflection of our solid business model as well as confidence in our future growth prospects. Additionally we remain the only PLD company to pay a dividend," stated Wim Roelandts, Chairman and Chief Executive Officer.
This program will be funded using the Company's working capital. As of December 31, 2005, the Company had cash, cash equivalents, short-term and long-term investments of approximately $1.7 billion. Timing of repurchases and the number of shares of common stock to be purchased are dependent upon prevailing market conditions, share price and other factors.
About Xilinx
Xilinx, Inc. is the worldwide leader of programmable logic solutions. Additional information about Xilinx is available at http://www.xilinx.com .
Related Semiconductor IP
- Flash Memory LDPC Decoder IP Core
- SLM Signal Integrity Monitor
- All Digital Fractional-N RF Frequency Synthesizer PLL in GlobalFoundries 22FDX
- USB 4.0 V2 PHY - 4TX/2RX, TSMC N3P , North/South Poly Orientation
- TSMC CLN5FF GUCIe LP Die-to-Die PHY
Related News
- Monolithic System Technology, Inc. Authorizes $25 Million Stock Repurchase Plan
- MoSys, Inc. Authorizes Stock Repurchase Plan
- Xilinx Board of Directors Authorizes A Repurchase Of Up To $750 Million Of The Company's Outstanding Common Stock
- Rambus Announces New Stock Repurchase Program
Latest News
- Rapidus Achieves Significant Milestone at its State-of-the-Art Foundry with Prototyping of Leading-Edge 2nm GAA Transistors
- SEMIFIVE Files for Pre-IPO Review on KRX
- Innosilicon Scales LPDDR5X/5/4X/4 and DDR5/4 Combo IPs to 28nm and 22nm, Cementing Its Position as the ‘One Stop’ for Memory Interface Solutions
- Synopsys Completes Acquisition of Ansys
- Zephyr 4.0 Now Available for SCR RISC-V IP