MaxLinear announces $75M share buyback plan

MaxLinear (MXL) announced its board of directors has authorized a share buyback plan for the repurchase of up to $75M of the company’s common stock. The timing and amount of any repurchase transactions will be made by management in its discretion, depending on numerous factors, including market and economic conditions generally, the trading price of MaxLinear’s common stock, and other relevant corporate considerations. Any purchases will be funded from available working capital and may be effected through open market or privately negotiated transactions or otherwise. The term of the current repurchase authorization will expire on November 20, 2028.