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Nordic Semiconductor ASA ( (GB:0FF9) ) has provided an update.
Nordic Semiconductor ASA has announced a share buyback program following its acquisition of Memfault Inc. The program is designed to facilitate the reinvestment of proceeds by Memfault’s founders into Nordic shares, totaling approximately USD 13 million. The buyback will be managed by DNB Carnegie and aims to repurchase up to 1,003,634 shares, with specific trading restrictions in place. This move is expected to strengthen Nordic’s market position and align the interests of Memfault’s leadership with the company’s growth strategy.
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 operates in the semiconductor industry, focusing on developing and manufacturing wireless communication solutions. The company is known for its Bluetooth Low Energy (BLE) technology and caters to a wide range of markets, including consumer electronics, healthcare, and industrial applications.
Average Trading Volume: 774,506
Current Market Cap: NOK25.4B
Learn more about 0FF9 stock on TipRanks’ Stock Analysis page.