Samsung Plans Massive $7.2B Stock Buyback: Details

Benzinga

2024-11-15

Samsung Electronics (OTC:SSNLF) announces plans to repurchase shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value.

The Board of Directors approved the buyback program, which will be executed in phases over the next 12 months.

Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan.

The buyback includes 50.14 million common shares and 6.91 million preferred shares, all of which will be canceled to enhance shareholder value.

The remaining portion of the share buyback program will be executed in phases, with timing and methods determined by the Board of Directors.

Samsung Electronics posted a net income of $7.1 billion for the third quarter, with $2.8 billion in profit from its chip division, boosted by strong AI and data center demand. However, delays in NVIDIA’s AI chip certification allowed competitors SK Hynix and Micron to gain an edge in high-bandwidth memory sales. Mobile chip sales dipped due to inventory adjustments.

Image credits: Arcansel on Shutterstock

Also Read: Nvidia Supplier SK Hynix Reports Record-Breaking Quarterly Profit As AI Demand Drives 7% Revenue Surge

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

This article Samsung Plans Massive $7.2B Stock Buyback: Details originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2483831379"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2483831379\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2483831379?lang=zh_CN&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/b9YzLU57.ceo7GAlFWQwaQ--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/158d8ab5713b692274bd8d98130ef324","is_english":true,"pubTime":"2024-11-15 21:18","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2483831379","market":"us","top_or_hot":-1,"title":"Samsung Plans Massive $7.2B Stock Buyback: Details","media":"Benzinga","content":"<html><body><img height=\"675\" src=\"https://s1.yimg.com/uu/api/res/1.2/c_1Y8HdGhmtullu9shOK_A--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/Benzinga/158d8ab5713b692274bd8d98130ef324\" width=\"1200\"/>\n<p><strong>Samsung Electronics</strong> (OTC:SSNLF) announces plans to repurchase shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value.</p>\n<p>The Board of Directors approved the buyback program, which will be executed in phases over the next 12 months.</p>\n<p>Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan.</p>\n<p>The buyback includes 50.14 million common shares and 6.91 million preferred shares, all of which will be canceled to enhance shareholder value.</p>\n<p>The remaining portion of the share buyback program will be executed in phases, with timing and methods determined by the Board of Directors.</p>\n<p>Samsung Electronics posted a net income of $7.1 billion for the third quarter, with $2.8 billion in profit from its chip division, boosted by strong AI and data center demand. However, delays in NVIDIA’s AI chip certification allowed competitors SK Hynix and Micron to gain an edge in high-bandwidth memory sales. Mobile chip sales dipped due to inventory adjustments.</p>\n<p><em>Image credits: Arcansel on Shutterstock</em></p>\n<p><strong>Also Read: </strong>Nvidia Supplier SK Hynix Reports Record-Breaking Quarterly Profit As AI Demand Drives 7% Revenue Surge</p>\n<p>UNLOCKED: 5 NEW TRADES EVERY WEEK. <strong>Click now to get top trade ideas daily</strong>, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.</p>\n<p>Get the latest stock analysis from Benzinga?</p>\n<ul></ul>\n<p>This article Samsung Plans Massive $7.2B Stock Buyback: Details originally appeared on Benzinga.com</p>\n<p><i>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</i></p></body></html>","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Samsung Plans Massive $7.2B Stock Buyback: Details</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSamsung Plans Massive $7.2B Stock Buyback: Details\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 21:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/samsung-plans-massive-7-2b-131822576.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Samsung Electronics (OTC:SSNLF) announces plans to repurchase shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value.\nThe Board of Directors approved the buyback ...</p>\n\n<a href=\"https://finance.yahoo.com/news/samsung-plans-massive-7-2b-131822576.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4170","symbol_name":"电脑硬件、储存设备及电脑周边","start_time":0,"source_url":"https://finance.yahoo.com/news/samsung-plans-massive-7-2b-131822576.html","article_id":"2483831379","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/b9YzLU57.ceo7GAlFWQwaQ--~B/aD01NzY7dz0xMDI0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/158d8ab5713b692274bd8d98130ef324"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483831379","pubTimestamp":1731676702,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Samsung Electronics  announces plans to repurchase shares worth 10 trillion won  as part of its strategy to boost shareholder value.The Board of Directors approved the buyback program, which will be executed in phases over the next 12 months.Samsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan.The buyback includes 50.14 million common shares and 6.91 million preferred shares, all of which will be canceled to enhance shareholder value.The remaining portion of the share buyback program will be executed in phases, with timing and methods determined by the Board of Directors.Samsung Electronics posted a net income of $7.1 billion for the third quarter, with $2.8 billion in profit from its chip division, boosted by strong AI and data center demand. However, delays in NVIDIA’s AI chip certification allowed competitors SK Hynix and Micron to gain an edge in high-bandwidth memory sales. Mobile chip","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4170":"电脑硬件、储存设备及电脑周边","SSNLF":"三星电子"},"translate_title":"三星计划大规模回购$7.2 B股票：详情","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSNLF":0.9},"content_text":"Samsung Electronics (OTC:SSNLF) announces plans to repurchase shares worth 10 trillion won (~$7.17B) as part of its strategy to boost shareholder value.\nThe Board of Directors approved the buyback program, which will be executed in phases over the next 12 months.\nSamsung Electronics will repurchase 3 trillion won in shares from November 18, 2024, to February 17, 2025, as the first phase of its new buyback plan.\nThe buyback includes 50.14 million common shares and 6.91 million preferred shares, all of which will be canceled to enhance shareholder value.\nThe remaining portion of the share buyback program will be executed in phases, with timing and methods determined by the Board of Directors.\nSamsung Electronics posted a net income of $7.1 billion for the third quarter, with $2.8 billion in profit from its chip division, boosted by strong AI and data center demand. However, delays in NVIDIA’s AI chip certification allowed competitors SK Hynix and Micron to gain an edge in high-bandwidth memory sales. Mobile chip sales dipped due to inventory adjustments.\nImage credits: Arcansel on Shutterstock\nAlso Read: Nvidia Supplier SK Hynix Reports Record-Breaking Quarterly Profit As AI Demand Drives 7% Revenue Surge\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nThis article Samsung Plans Massive $7.2B Stock Buyback: Details originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1}}}