Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $87.00, for a total transaction of $870,000.00. Following the completion of the transaction, the general counsel now owns 23,052 shares of the company’s stock, valued at approximately $2,005,524. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Synopsys, Inc. (NASDAQ:SNPS) traded down $0.64 during trading hours on Monday, hitting $89.09. 796,831 shares of the company’s stock traded hands, compared to its average volume of 1,102,612. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $13,345.10, a P/E ratio of 331.37, a price-to-earnings-growth ratio of 5.81 and a beta of 1.09. Synopsys, Inc. has a fifty-two week low of $69.42 and a fifty-two week high of $94.80.
Synopsys (NASDAQ:SNPS) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $769.40 million during the quarter, compared to the consensus estimate of $750.43 million. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. research analysts expect that Synopsys, Inc. will post 1.54 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of SNPS. Crossmark Global Holdings Inc. acquired a new position in shares of Synopsys during the third quarter worth $783,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Synopsys by 6.4% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,652 shares of the semiconductor company’s stock worth $1,905,000 after purchasing an additional 1,429 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Synopsys during the third quarter worth $583,000. State of Wisconsin Investment Board grew its stake in shares of Synopsys by 4.9% during the third quarter. State of Wisconsin Investment Board now owns 175,225 shares of the semiconductor company’s stock worth $14,111,000 after purchasing an additional 8,110 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of Synopsys by 6.6% during the third quarter. State of Tennessee Treasury Department now owns 60,068 shares of the semiconductor company’s stock worth $4,838,000 after purchasing an additional 3,722 shares in the last quarter. Hedge funds and other institutional investors own 90.53% of the company’s stock.
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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.
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