Synopsys, Inc. (NASDAQ:SNPS) Director Chrysostomos L. Nikias sold 21,073 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $85.88, for a total transaction of $1,809,749.24. Following the completion of the sale, the director now directly owns 32,466 shares of the company’s stock, valued at $2,788,180.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Synopsys, Inc. (SNPS) traded up $1.03 during trading hours on Wednesday, hitting $87.06. 877,232 shares of the stock were exchanged, compared to its average volume of 930,916. The company has a market cap of $12,676.36, a P/E ratio of 102.42, a price-to-earnings-growth ratio of 4.17 and a beta of 1.01. Synopsys, Inc. has a one year low of $59.37 and a one year high of $94.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.12. The company had revenue of $696.60 million during the quarter, compared to the consensus estimate of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. equities research analysts predict that Synopsys, Inc. will post 2.24 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Royal Bank of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and increased their price target for the company from $90.00 to $100.00 in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Synopsys from a “hold” rating to a “strong sell” rating in a report on Monday, December 4th. Needham & Company LLC increased their price target on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 30th. DA Davidson reissued a “buy” rating and issued a $105.00 price target (up from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Finally, BidaskClub downgraded shares of Synopsys from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Two equities research 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 has a consensus rating of “Hold” and a consensus target price of $96.89.

Several large investors have recently added to or reduced their stakes in SNPS. AXA increased its position in shares of 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 purchasing an additional 130,700 shares in the last quarter. Bridgewater Associates LP acquired a new stake in shares of Synopsys during the 2nd quarter worth about $448,000. Swiss National Bank increased its position in shares of 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 purchasing an additional 7,200 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 purchasing an additional 125,190 shares in the last quarter. Finally, AJO LP increased its position in shares of 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 purchasing an additional 824,879 shares in the last quarter. 90.75% of the stock is owned by institutional investors.

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Synopsys Company Profile

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.

Insider Buying and Selling by Quarter for Synopsys (NASDAQ:SNPS)

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