Synopsys, Inc. (NASDAQ:SNPS) Director Steven Walske sold 4,545 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $90.12, for a total value of $409,595.40. Following the completion of the sale, the director now directly owns 14,988 shares in the company, valued at $1,350,718.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $90.98 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. Synopsys, Inc. has a one year low of $60.41 and a one year high of $94.80. The firm has a market cap of $13,275.67, a PE ratio of 107.04, a P/E/G ratio of 3.98 and a beta of 1.01.
Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.12. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The business had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. During the same quarter last year, the company earned $0.77 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. research analysts forecast that Synopsys, Inc. will post 2.24 EPS for the current year.
SNPS has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target on the stock. in a research report on Tuesday, December 12th. Royal Bank of Canada raised Synopsys from an “outperform” rating to a “top pick” rating and raised their price target for the company from $90.00 to $100.00 in a research report on Wednesday, October 25th. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research downgraded Synopsys from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Finally, Needham & Company LLC raised their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Synopsys currently has a consensus rating of “Hold” and an average target price of $96.89.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its stake in shares of Synopsys by 2.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 809,849 shares of the semiconductor company’s stock valued at $69,032,000 after buying an additional 18,021 shares during the period. National Pension Service lifted its stake in shares of Synopsys by 0.4% in the fourth quarter. National Pension Service now owns 176,640 shares of the semiconductor company’s stock valued at $15,057,000 after buying an additional 692 shares during the period. Bank of Montreal Can lifted its stake in shares of Synopsys by 4.3% in the fourth quarter. Bank of Montreal Can now owns 241,758 shares of the semiconductor company’s stock valued at $20,608,000 after buying an additional 9,949 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Synopsys by 4.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 65,208 shares of the semiconductor company’s stock valued at $5,558,000 after buying an additional 2,974 shares during the period. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Synopsys in the fourth quarter valued at about $415,000. Institutional investors and hedge funds own 90.77% 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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