Share buyback

Samsung Elect

2026-08-09 03:25:13

Analyst says BofA expects Samsung Electronics to outline shareholder returns with special dividend above KRW 30 trillion

Citrini analyst jukan said in a post on X that Bank of America expects Samsung Electronics and SK Hynix to announce detailed shareholder return plans. For Samsung Electronics, BofA expects the company to return 50% of free cash flow to shareholders. The plan is expected to include a special dividend of more than KRW 30 trillion in the third or fourth quarter, a share buyback of more than KRW 40 trillion in the first half of 2027, and a year-end dividend of KRW 30 trillion to be paid in April 2027. BofA also expects Samsung Electronics to carry out an additional buyback of more than KRW 30 trillion for employee compensation. For SK Hynix, BofA is also said to expect a 50% free cash flow payout to shareholders, with buybacks accounting for a larger share than cash dividends. The projected scale is more than KRW 40 trillion in buybacks and more than KRW 20 trillion in cash dividends.

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SanDisk

2026-08-06 03:34:15

SanDisk beats on Q4 results, but weaker-than-expected outlook sends shares down 5.4%

SanDisk reported stronger-than-expected results for fiscal Q4 2026, posting revenue of $8.97 billion, record GAAP gross margin of 84.6%, and earnings that topped market consensus. Full-year results were also strong, with fiscal 2026 revenue reaching $20.25 billion, up 175% year over year, and GAAP net income at $11.43 billion. Data center demand remained the company’s main growth driver, with segment revenue up 103% quarter over quarter and 437% from a year earlier. The stock still sold off after the report. SanDisk guided fiscal Q1 2027 revenue to $10.3 billion to $10.8 billion, below Wall Street’s $11.16 billion expectation. The company also set a 2027 gross margin guide of 83% to 85%, even after reporting 84.6% in the latest quarter. Shares fell 5.4% to $1,350.50 after the release and dropped further to $1,243 in after-hours trading. Citrini analyst Jukan argued that investors are focusing too heavily on margin levels and not enough on shipment growth. He said long-term agreements and new business model deals provide downside protection for profits. SanDisk also said it signed five additional NBM agreements, including three with new customers, and its board approved an extra $14 billion share repurchase program.

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BitMine

2026-08-04 15:29:59

BitMine Added 10,399 ETH, but Marked Holdings Down to $11.3 Billion

BitMine Immersion Technologies said its crypto, cash, and "moonshot" holdings stood at $11.3 billion as of 4:00 p.m. ET on Aug. 2, down from $11.8 billion a week earlier, even after it bought another 10,399 ETH. The company said the drop reflected a lower valuation mark on Ether rather than any asset sales. BitMine reported holding 5,797,813 ETH at $1,880 per token, compared with 5,787,414 ETH marked at $1,948 on July 27. That left its Ether position worth about $10.9 billion, equal to 4.8% of the 120.7 million ETH supply. Cash and marketable securities declined to $173 million from $268 million, while the company said it repurchased 4.5 million common shares over the week, bringing total buybacks since July 1 to 16.1 million shares under a previously authorized $4 billion program. BitMine also said 85% of its ETH was staked as of Aug. 2 and projected annualized staking revenue of $247 million, rising to $291 million once the full position is staked.

1790

SK Hynix

2026-08-05 04:03:36

Analysts expect SK Hynix to unveil shareholder return plan soon

SK Hynix shares rose on Aug. 5 as investors focused on the end of the company’s 25-trading-day quiet period following the issuance of its American depositary receipts, or ADRs. The stock climbed as much as 7.9% in morning trading in Seoul, outpacing Samsung Electronics, which rose 6% during the same stretch. The move also came after gains in U.S. chipmaker shares overnight. Market attention centered on whether the end of the quiet period on Aug. 4 clears the way for SK Hynix to disclose a shareholder return plan. Independent analyst Douglas Kim said he believes the company is likely to announce a major shareholder return program soon. According to Kim, the package could include a mix of share buybacks, share cancellations and a special dividend. Brokerages also added to the focus on the stock. Several firms, including William Blair, initiated coverage on SK Hynix ADRs overnight and assigned buy ratings. SK Hynix is a key supplier of high-bandwidth memory chips to Nvidia.

2190

Bitmine

2026-08-04 07:32:04

Bitmine Adds 10,399 ETH as Tom Lee Says Ether Beat the Nasdaq 100 in July

Bitmine Immersion Technologies said it added another 10,399 ETH last week, taking its total Ether holdings to 5,797,813 ETH, or about 4.8% of circulating supply. The company said the position is worth roughly $10.9 billion based on an Ether price of $1,880. Of that total, 4,917,189 ETH has been staked through Bitmine’s MAVAN platform and partners, with projected annual staking income of as much as $247 million. Bitmine also disclosed other holdings, including 209 BTC, a $180 million stake in Beast Industries, $61 million in Eightco Holdings shares, and $173 million in cash and marketable securities, bringing total assets to about $11.3 billion. Chairman Tom Lee said Ether outperformed the Nasdaq 100 by 2,500 basis points, or 25 percentage points, in July, marking its biggest single-month outperformance against the index since July 2025. The company also repurchased 4.5 million common shares over the past week and has bought back 16.1 million shares since July 1 under a previously approved $4 billion repurchase program.

690

Kioxia

2026-08-04 06:37:27

Kioxia jumps after ¥800 billion buyback plan as SK Hynix nears end of SEC quiet period

Kioxia shares rose after the Japanese memory maker paired weaker-than-expected quarterly results with a large shareholder return package. Tokyo Stock Exchange data showed the stock gained 5.27% on Aug. 3 and another 4.54% the next day after the company announced a share buyback of up to ¥800 billion, equal to 5.5% of outstanding shares, alongside a 1-for-3 stock split scheduled for October. Attention has also shifted to SK Hynix. The South Korean chipmaker posted a strong second-quarter report on July 31, and its shares hit the daily upper limit that day, but the stock later fell more than 13% before trimming the decline to about 9%. According to the report, investors have been watching for a clearer shareholder return plan after the company’s earnings call offered only a general statement that it was reviewing additional return options and would share details within the year. The Korea Economic Daily, citing SK Securities researcher Han Dong-hee, said a rerating in memory stocks depends less on an ADR listing than on whether shareholder returns are made concrete. The report added that SK Hynix’s ADR listed in the U.S. on July 10, and under SEC rules the company is subject to a 25-day quiet period, including weekends, during which it cannot disclose material information outside the prospectus. That period is expected to end late on Aug. 4, Korea time.

2240

Bitmine

2026-08-03 15:32:56

Bitmine adds 10,399 ETH and repurchases 4.5 million shares, extending its treasury push

Bitmine Immersion Technologies said it bought another 10,399 ETH over the past week, valued at about $19.5 million, taking its Ethereum holdings to 5,797,813 ETH. At a reference price of $1,880 cited from CoinGecko, that stash is worth roughly $10.9 billion. The company said its ETH position now represents about 4.8% of the circulating supply of the network, leaving it about 96% of the way to its stated goal of acquiring 5% of all ETH. Bitmine also said its total holdings, including other crypto assets, cash, and investments, stand at $11.3 billion. About 4.9 million ETH, or roughly 85% of its holdings, is staked through its institutional staking platform MAVAN. The company projected annualized staking revenue of $247 million, while noting that the figure depends on future network conditions and other assumptions. Chairman Tom Lee said Bitmine repurchased 4.5 million common shares over the past week under its previously authorized $4 billion buyback program, bringing total repurchases to more than 16 million shares, including 16.1 million shares since July 1, 2026. Lee also pointed to ETH’s July performance, saying the asset outperformed the Nasdaq 100 by 25 percentage points that month.

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Strategy

2026-08-03 12:44:29

Strategy Sells 1,638 BTC for $104.7M as USD Reserve Reaches $4 Billion

Strategy disclosed in an 8-K filing that it sold 1,638 Bitcoin in the week ended Aug. 2 for $104.7 million, reducing its holdings to 842,138 BTC from 843,775. The company said the coins were sold at an average net price of $63,957 each. Of the proceeds, $52.4 million was used to fund preferred stock dividends and $52.3 million was allocated to repurchasing STRC shares. The STRC repurchase totaled $81.2 million, covering 912,143 shares, while the remaining $28.9 million came from common stock sales. Strategy said these moves extended its USD duration by 57 days to 2.3 years and narrowed STRC’s Bitcoin credit spread by five basis points. It also kept the STRC dividend rate at 12% annually and declared semi-monthly payments of $0.50 per share. The company added that its USD reserve rose by $250 million to $4 billion as of Aug. 2, 2026. Strategy has not added to its Bitcoin holdings since June and has instead been building cash reserves while managing $1.76 billion in annual dividend obligations. With this week’s transaction, it has used $321 million of the $1.25 billion Bitcoin disposal capacity outlined in its June capital framework.

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