Silicon Motion (SIMO) announced that its Board of Directors has authorized a new share repurchase program and approved related cash disbursement for the Company to repurchase up to $50 million of its American Depositary Shares over a six-month period, effective immediately.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIMO:
- Is SIMO a Buy, Before Earnings?
- Silicon Motion Confirms Quarterly Dividend Amid Market Challenges
- Silicon Motion (SIMO) Declares Q1 Dividend: Important Details for Shareholders
- Silicon Motion price target lowered to $70 from $75 at Needham
- Silicon Motion Reveals Preliminary Q4 2024 Financial Results