Skyworks Solutions Inc of Woburn, MA, USA, which manufactures high-reliability analog and mixed-signal semiconductors, says that its board of directors has authorized the repurchase of up to $200m of the firm’s common stock from time to time on the open market or in privately negotiated transactions.
The timing and amount of any shares repurchased will be determined by Skyworks’ management based on its evaluation of market conditions and other factors. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with its stock plans and for other corporate purposes.
The repurchase program will be funded using working capital. As of 28 September, the firm had cash and cash equivalents of about $307m.
