Insider Selling: Esfandiar Naddaf Sells 21,562 Shares of Synopsys Stock (SNPS)
Synopsys (NASDAQ:SNPS) VP Esfandiar Naddaf unloaded 21,562 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $41.52, for a total value of $895,254.24. Following the transaction, the vice president now directly owns 2,954 shares of the company’s stock, valued at approximately $122,650. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Synopsys (NASDAQ:SNPS) traded down 0.12% on Monday, hitting $40.64. The stock had a trading volume of 687,238 shares. Synopsys has a 1-year low of $34.55 and a 1-year high of $42.55. The stock’s 50-day moving average is $38.86 and its 200-day moving average is $38.83. The company has a market cap of $6.325 billion and a P/E ratio of 25.27.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.05. The company had revenue of $521.80 million for the quarter. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts expect that Synopsys will post $2.50 EPS for the current fiscal year.
A number of research firms have recently commented on SNPS. Analysts at Zacks reiterated a “neutral” rating on shares of Synopsys in a research note on Friday. They now have a $44.00 price target on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Synopsys in a research note on Thursday. They now have a $46.50 price target on the stock, up previously from $45.00. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.07.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
Receive News & Ratings for Synopsys Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.