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Nordic Semiconductor Executes Long-Term Incentive Program Share Settlement

Story Highlights
  • Nordic Semiconductor specializes in wireless communication solutions for IoT and smart devices.
  • Employees exercised 1,325,582 shares, impacting treasury shares but not future expenses.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Nordic Semiconductor Executes Long-Term Incentive Program Share Settlement

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An update from Nordic Semiconductor ASA ( (GB:0FF9) ) is now available.

Nordic Semiconductor ASA announced that employees and subsidiaries have exercised 1,325,582 restricted share units and performance shares as part of their long-term incentive program. The Board of Directors has authorized the use of treasury shares to settle these vested shares, with no net impact on future operating expenses. A portion of these shares will be sold to cover tax liabilities, and the company will retain a significant number of treasury shares post-transaction.

The most recent analyst rating on (GB:0FF9) stock is a Buy with a NOK139.00 price target. To see the full list of analyst forecasts on Nordic Semiconductor ASA stock, see the GB:0FF9 Stock Forecast page.

More about Nordic Semiconductor ASA

Nordic Semiconductor ASA is a company operating in the semiconductor industry, specializing in the development of wireless communication solutions. Their primary products include Bluetooth Low Energy (BLE) chips and other wireless technologies, catering to markets such as IoT, smart home, and wearable devices.

Average Trading Volume: 642,732

Current Market Cap: NOK26.82B

See more data about 0FF9 stock on TipRanks’ Stock Analysis page.

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