Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $88.00, for a total value of $880,000.00. Following the completion of the transaction, the general counsel now owns 18,742 shares in the company, valued at approximately $1,649,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Synopsys, Inc. (SNPS) opened at $90.37 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $13,440.00, a P/E ratio of 105.08, a P/E/G ratio of 4.00 and a beta of 1.01. Synopsys, Inc. has a 12 month low of $60.41 and a 12 month high of $94.80.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.12. The company had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.77 earnings per share. analysts predict that Synopsys, Inc. will post 2.24 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Bronfman E.L. Rothschild L.P. lifted its stake in Synopsys by 11.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 147 shares during the period. IFP Advisors Inc lifted its stake in Synopsys by 40.4% in the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 415 shares during the period. YorkBridge Wealth Partners LLC lifted its stake in Synopsys by 3.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares during the period. Advisor Group Inc. lifted its stake in Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares during the period. Finally, Tiemann Investment Advisors LLC acquired a new position in Synopsys in the third quarter valued at approximately $214,000. 90.75% of the stock is currently owned by hedge funds and other institutional investors.
SNPS has been the topic of a number of recent analyst reports. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. Needham & Company LLC lifted their target price on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, October 3rd. JPMorgan Chase & Co. restated an “underweight” rating on shares of Synopsys in a report on Thursday, December 7th. Finally, KeyCorp restated an “overweight” rating and set a $106.00 price target (up from $86.00) on shares of Synopsys in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $96.89.
COPYRIGHT VIOLATION WARNING: “Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. Sells 10,000 Shares” was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/synopsys-inc-snps-general-counsel-john-f-runkel-jr-sells-10000-shares.html.
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.
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.