Monolithic Power Systems Increases Buyback Plan By $500M To Total Authorization To $1B
Monolithic Power Systems, Inc. ("MPS") announced its Board of Directors has authorized an additional $500 million for stock repurchases bringing our total current authorization to $1 billion.
Monolithic Power Systems said it will buy back even more of its own stock—now up to $1 billion total. This usually means the company thinks its stock is a good deal and has extra money, which can be a positive sign about how the business is doing.
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