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 common stock is quoted on the NASDAQ National Market under the symbol “SLAB”. As of February 12, 2024, there were 53 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
12/29/18
12/28/19
01/02/21
01/01/22
12/31/22
12/30/23
Silicon Laboratories Inc.
$
100.00
$
148.43
$
162.22
$
262.96
$
172.83
$
168.50
NASDAQ Composite Index
$
100.00
$
138.27
$
199.64
$
243.92
$
164.56
$
238.01
PHLX Semiconductor Index
$
100.00
$
165.17
$
252.58
$
360.81
$
234.96
$
392.39
(1) The graph assumes that $100 was invested in our common stock and in each index at the market close on December 29, 2018, 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.
29
Table of Contents
Issuer Purchases of Equity Securities
The following table summarizes repurchases of our common stock during the three months ended December 30, 2023 (in thousands, except per share data):
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 1, 2023 – October 28, 2023
—
$
—
—
$
100,000
October 29, 2023 – November 25, 2023
—
$
—
—
$
100,000
November 26, 2023 – December 30, 2023
—
$
—
—
$
100,000
Total
—
$
—
—
Our previous share repurchase program authorized repurchases up to $600 million through December 2023, of which $500 million was repurchased. In January 2024, our Board of Directors authorized a program to repurchase up to $100 million of our common stock through December 2024. 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]
30
Table of Contents