Synopsys Inc. (NASDAQ:SNPS) is one of them The best NASDAQ stocks to buy according to hedge funds. On March 2, Synopsys entered into an accelerated share repurchase agreement with Bank of Nova Scotia to buy back $250 million of its common stock. The initiative is part of the Sunnyvale-based company’s broader capital allocation strategy. Upon commencement of the agreement, Synopsys is expected to receive an initial delivery of ~513,000 shares.
The final number of shares to be repurchased is Synopsys Inc. (NASDAQ: SNPS ) stock is determined by the average daily volume-weighted average price during the repurchase period, minus a predetermined discount. This structured approach allows the company to retire a significant portion of the shares quickly, while the specific final number is adjusted based on market performance over the program period.
The silicon die close-up is removed from the semiconductor wafer and attached to the substrate by a pick-and-place machine. Computer chip manufacturing in Fab. Semiconductor packaging process.
The transaction is expected to be fully settled on or before June 1. This schedule provides a clear window to complete the purchase, ensuring that outstanding shares, if any, are accounted for by the end of the second quarter. The move reflects the company’s ongoing efforts to manage share count and deliver value to its investors.
Synopsys Inc. (NASDAQ: SNPS) provides design IP solutions to the semiconductor and electronics industries. It works in two areas: design automation and design IP.
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Read more: 40 most popular stocks among hedge funds heading into 2026 and 33 stocks that should double in 3 years.
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