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Tokyo Electron ( (JP:8035) ) has shared an announcement.
Tokyo Electron Limited announced the repurchase of 1,046,600 shares of its common stock at a total cost of 25,085,159,500 yen during December 2024, as part of a resolution passed by its Board of Directors. This move is part of a broader repurchase plan allowing up to 3.5 million shares to be bought back, indicating TEL’s strategy to enhance shareholder value and optimize capital structure.
More about Tokyo Electron
Tokyo Electron Limited (TEL) operates in the semiconductor industry and is a leading provider of semiconductor production equipment. It focuses on manufacturing products that are vital for the creation of integrated circuits and other semiconductor devices, serving a global market.
YTD Price Performance: -2.47%
Average Trading Volume: 1,965
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $71.05B
For a thorough assessment of 8035 stock, go to TipRanks’ Stock Analysis page.
