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ALTR Buyback image

Altera Corporation Buyback

OLI recorded this information on 8/28/2013

Company: Altera Corporation
Buyback: ALTR buyback
Share Amount Authorized: 41,100,000.00
Buyback Details: Altera Corporation (NASDAQ: ALTR) today announced that its board of directors has increased the company's share repurchase authorization by an additional 30.0 million shares. Combined with the board's previous authorization, there are now 41.1 million shares, representing approximately 13 percent of shares outstanding, authorized for repurchase. Under the repurchase program, which was previously approved by the board of directors, shares may be purchased in the open market from time to time at the discretion of the company's management. Management believes that this authorization is sufficient to support the company's share repurchase objectives through mid-2015.

Altair Engineering delivers software and cloud solutions in simulation, high-performance computing, data analytics, and artificial intelligence. Co.'s Software segment includes: software, which consists of software products including its solvers and optimization technology products, computing software applications and hardware products, modeling and visualization tools, and data analytics and analysis products; and software related services, which consists of consulting and implementation services. Co.'s Client Engineering Services segment provides client engineering services by hiring engineers and data scientists for placement at a customer site for specific customer-directed assignments.

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ALTR — Key Stats (updated 2 hours, 16 minutes ago)
Company Name:  Altair Engineering Inc
Stock buyback:  ALTR buyback
Website:  www.altair.com
Sector:  Application Software
Number of ETFs Holding ALTR:  38
Total Market Value Held by ETFs:  $661.73M
Total Market Capitalization:  $4.43B
% of Market Cap. Held by ETFs:  14.93%
 

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April 19, 2024  •  1:18 PM Eastern
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Buy (3.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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