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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","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":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","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/hant/news/2483831379"},"companyName":"老虎證券"},"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_TW&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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2024-11-15 21:18</span>\n</p>\n</h4>\n</header>\n<article>\n<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>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.yahoo.com/news/samsung-plans-massive-7-2b-131822576.html\">Benzinga</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4170","symbol_name":"電腦硬件、儲存設備及電腦周邊","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}}}