Synopsys, Inc. (NASDAQ:SNPS) Director Chrysostomos L. Nikias sold 21,074 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $1,892,023.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Synopsys, Inc. (SNPS) traded down $0.06 during midday trading on Monday, hitting $90.32. The company had a trading volume of 1,765,200 shares, compared to its average volume of 1,056,281. The stock has a market cap of $13,588.19, a PE ratio of 74.03, a price-to-earnings-growth ratio of 4.12 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 52 week low of $56.03 and a 52 week high of $94.80.
Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. The company had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. Synopsys’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $0.77 EPS. sell-side analysts anticipate that Synopsys, Inc. will post 2.41 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA grew its position in Synopsys by 22.8% during the 2nd quarter. AXA now owns 704,528 shares of the semiconductor company’s stock worth $51,382,000 after acquiring an additional 130,700 shares during the last quarter. Bridgewater Associates LP bought a new position in Synopsys during the 2nd quarter worth approximately $448,000. Swiss National Bank grew its position in Synopsys by 0.9% during the 3rd quarter. Swiss National Bank now owns 778,236 shares of the semiconductor company’s stock worth $62,671,000 after acquiring an additional 7,200 shares during the last quarter. AJO LP grew its position in Synopsys by 132.1% during the 2nd quarter. AJO LP now owns 1,449,128 shares of the semiconductor company’s stock worth $105,685,000 after acquiring an additional 824,879 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Synopsys by 3.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,277,670 shares of the semiconductor company’s stock worth $311,973,000 after acquiring an additional 125,190 shares during the last quarter. 89.94% of the stock is currently owned by institutional investors.
Several analysts have weighed in on SNPS shares. reaffirmed an “average” rating on shares of Synopsys in a report on Thursday, September 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $83.00 price target (up previously from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Monday, August 21st. DA Davidson reaffirmed a “buy” rating and issued a $105.00 price target (up previously from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $120.00 price target on shares of Synopsys in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Synopsys presently has an average rating of “Buy” and an average target price of $98.13.
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Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.
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