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
- Rad-Hard GPIO, ODIO & LVDS in SkyWater 90nm
- 1.22V/1uA Reference voltage and current source
- 1.2V SLVS Transceiver in UMC 110nm
- Neuromorphic Processor IP
- Lossless & Lossy Frame Compression IP
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
- SignatureIP Achieves PCI-SIG® PCIe® 5.0 Certification, Joining Elite Group on Official Integrators List
- GUC Monthly Sales Report – August 2025
- eSOL and Infineon Enter Strategic Partnership for Next-generation Automotive Platforms Based on RISC-V/TriCore/Arm Microcontrollers
- Synopsys and GlobalFoundries Establish Pilot Program to Bring Chip Design and Manufacturing to University Classrooms
- Cadence to Acquire Hexagon’s Design & Engineering Business, Accelerating Expansion in Physical AI and System Design and Analysis