Synopsys (NASDAQ:SNPS) CEO Chi-Foon Chan sold 778 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $90.06, for a total value of $70,066.68. Following the completion of the sale, the chief executive officer now directly owns 210,131 shares of the company’s stock, valued at approximately $18,924,397.86. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Chi-Foon Chan also recently made the following trade(s):
- On Friday, February 23rd, Chi-Foon Chan sold 3,609 shares of Synopsys stock. The stock was sold at an average price of $84.77, for a total value of $305,934.93.
SNPS traded down $1.57 on Friday, reaching $81.39. 1,206,955 shares of the stock were exchanged, compared to its average volume of 842,684. Synopsys has a fifty-two week low of $70.55 and a fifty-two week high of $94.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market cap of $12,104.73, a P/E ratio of 92.49, a P/E/G ratio of 5.24 and a beta of 1.09.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.10. The business had revenue of $769.40 million during the quarter, compared to analysts’ expectations of $750.43 million. Synopsys had a return on equity of 6.72% and a net margin of 1.63%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. analysts predict that Synopsys will post 1.55 EPS for the current fiscal year.
A number of analysts have recently weighed in on SNPS shares. Zacks Investment Research raised Synopsys from a “sell” rating to a “hold” rating in a research report on Friday, March 23rd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Synopsys in a research report on Friday, February 23rd. BidaskClub raised Synopsys from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. JPMorgan Chase cut Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target for the company. in a research report on Tuesday, December 12th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $110.00 price target (up previously from $106.00) on shares of Synopsys in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $97.33.
Several hedge funds have recently modified their holdings of SNPS. Stevens Capital Management LP acquired a new position in shares of Synopsys in the 3rd quarter valued at about $583,000. State of Tennessee Treasury Department lifted its holdings in shares of Synopsys by 6.6% in the 3rd quarter. State of Tennessee Treasury Department now owns 60,068 shares of the semiconductor company’s stock valued at $4,838,000 after buying an additional 3,722 shares during the period. American Century Companies Inc. lifted its holdings in shares of Synopsys by 24.8% in the 3rd quarter. American Century Companies Inc. now owns 351,387 shares of the semiconductor company’s stock valued at $28,297,000 after buying an additional 69,912 shares during the period. Jennison Associates LLC acquired a new position in shares of Synopsys in the 3rd quarter valued at about $721,000. Finally, Global X MANAGEMENT CO LLC lifted its holdings in shares of Synopsys by 17.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,784 shares of the semiconductor company’s stock valued at $466,000 after buying an additional 879 shares during the period. 90.54% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Synopsys (SNPS) CEO Chi-Foon Chan Sells 778 Shares” was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/04/08/chi-foon-chan-sells-778-shares-of-synopsys-inc-snps-stock.html.
Synopsys Company Profile
Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.
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.