Synopsys Director Sells $414,284 in Stock (SNPS)
Synopsys (NASDAQ:SNPS) Director Steven Walske sold 10,194 shares of Synopsys stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $40.64, for a total transaction of $414,284.16. Following the transaction, the director now directly owns 27,584 shares of the company’s stock, valued at approximately $1,121,014. The sale was disclosed in a legal filing with the SEC, which is available at this link.
SNPS has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.07.
Synopsys (NASDAQ:SNPS) traded down 0.12% on Monday, hitting $40.64. 687,238 shares of the company’s stock traded hands. 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 price-to-earnings ratio of 25.27.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 20th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.60 by $0.05. The company had revenue of $521.80 million for the quarter. During the same quarter last year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, analysts predict that Synopsys will post $2.50 earnings per share for the current fiscal year.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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