Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information and Holders
Our registration statement (Registration No. 333-94853) under the Securities Act of 1933, as amended, relating to our initial public offering of our common stock became effective on March 23, 2000. Our common stock is quoted on the NASDAQ National Market (NASDAQ) under the symbol "SLAB". As of January 24, 2022, there were 62 holders of record of our common stock.
Dividend Policy
We have never declared or paid any cash dividends on our common stock and we currently do not intend to pay cash dividends. We currently expect to retain any future earnings to fund the operation and expansion of our business.
Stock Performance Graph
The graph depicted below shows a comparison of cumulative total stockholder returns for an investment in Silicon Laboratories Inc. common stock, the NASDAQ Composite Index and the PHLX Semiconductor Index.
Company / Index
12/31/16
12/30/17
12/29/18
12/28/19
01/02/21
01/01/22
Silicon Laboratories Inc.
$
100.00
$
135.85
$
120.77
$
179.26
$
195.91
$
317.57
NASDAQ Composite Index
$
100.00
$
129.64
$
124.98
$
172.81
$
249.51
$
304.85
PHLX Semiconductor Index
$
100.00
$
140.54
$
131.15
$
216.62
$
331.27
$
473.22
(1) The graph assumes that $100 was invested in our common stock and in each index at the market close on December 31, 2016, and that all dividends were reinvested. No cash dividends have been declared on our common stock.
(2) Stockholder returns over the indicated period should not be considered indicative of future stockholder returns.
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Issuer Purchases of Equity Securities
The following table summarizes repurchases of our common stock during the three months ended January 1, 2022 (in thousands, except per share amounts):
Total Number of
Approximate Dollar
Total
Shares Purchased as
Value of Shares that
Number of
Average Price
Part of Publicly
May Yet Be
Shares
Paid per
Announced Plans
Purchased Under the
Period
Purchased
Share
or Programs
Plans or Programs
October 3, 2021 – October 30, 2021 (1)
2,130
$
213.50
2,130
$
41,696
October 31, 2021 – November 27, 2021
—
$
—
—
$
41,696
November 28, 2021 – January 1, 2022
—
$
—
—
$
—
Total
2,130
$
213.50
2,130
(1)
On October 27, 2021, we entered into an accelerated share repurchase (“ASR”) agreement with Goldman Sachs & Co. LLC. Under the ASR Agreement, we received an aggregate initial share delivery of approximately 1.7 million shares. On January 20, 2022, we received an additional 0.3 million shares at no additional costs in connection with final delivery through the ASR Agreement.
Our share repurchase program authorizes repurchases up to $250 million through December 2022. The program allows for repurchases to be made in the open market or in private transactions, including structured or accelerated transactions, subject to applicable legal requirements and market conditions.
Item 6. [Reserved]
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.