Advanced Micro Devices (AMD) hasn't had a great year, with shares falling 16% since the start of 2021. Should investors be worried about this underwhelming showing? Not according to the semiconductor giant. In fact, going by the company’s latest actions, quite the opposite. On Wednesday, AMD announced an unprecedented share-repurchase program. Over an unspecified period, the company will buy back $4 billion’s worth of stock - funded in its entirety by cash generated from operations. And the company is sitting on plenty of it by now. The company saw out 2020 with $2.29 billion of cash in the coffers and short-term investments, the most it has had since 2009.
https://www.tipranks.com/news/article/analysts-weigh-up-amds-share-repurchase-program
Advanced Micro Devices (NASDAQ:AMD)
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