Synopsys (SNPS) to Buy Back Stock Worth $200M Under ASR Pact
Zacks Investment Research | Dec 17, 2021 01:26AM ET
Synopsys (NASDAQ:SNPS) Inc. Computer – Software sector’s increase of 25.3%.
Currently, Synopsys carries a Zacks Rank #3 (Hold). You can see MSFT .
In fiscal 2021, Apple returned approximately $100.5 billion through dividend payouts ($14.5 billion) and share repurchases ($86 billion). Cisco bought back $2.9 billion of its common stock and paid $6.2 billion in dividends in fiscal 2021. Microsoft paid $16.5 billion in dividends and repurchased its common stock worth $27.4 billion in fiscal 2021.
Dividend and share repurchase initiatives likely raise the market value of the stock and enhance shareholder returns. Thus, companies boost investors’ confidence through share repurchases and dividend payouts, persuading them to either buy or hold the scrip.
Apple, Microsoft and Cisco, each carry a Zacks Rank #3. The long-term estimated earnings growth for AAPL, MSFT and CSCO is pegged at 12.5%, 12% and 6.5%, respectively.
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Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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