Synopsys (NASDAQ:SNPS) changed 2.48% to recent value of $120.98. The stock transacted 1208962 shares during most recent day however it has an average volume of 1187.97K shares. It spotted trading -2.53% off 52-week high price. On the other end, the stock has been noted 52.87% away from the low price over the last 52-weeks.

Synopsys (NASDAQ:SNPS) reported that it has entered into an accelerated share repurchase agreement (ASR) with Bank of America N.A. to repurchase an aggregate of $100 million of Synopsys stock.

Under the terms of the ASR, Synopsys will receive an aggregate initial share delivery of approximately 678K shares, with the remainder, if any, to be settled on or before August 19, 2019, upon completion of the repurchases. The specific number of shares that Synopsys ultimately repurchases under the ASR will be based on Synopsys’ volume-weighted average share price during the repurchase period, less a discount.

About Synopsys

Synopsys (Nasdaq: SNPS) is the Silicon to Software™ partner for innovative companies developing the electronic products and software applications we rely on every day. As the world’s 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you’re a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products.

 SNPS has a gross margin of 76.40% and an operating margin of 11.40% while its profit margin remained 13.60% for the last 12 months. Its earnings per share (EPS) expected to touch remained 304.10% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

 The company has 150.06M of outstanding shares and 148.66M shares were floated in the market. According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.76% from the mean of 20 days, 2.90% from mean of 50 days SMA and performed 20.69% from mean of 200 days price. Company’s performance for the week was 4.10%, -0.45% for month and YTD performance remained 43.61%.

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