Insider Selling: Synopsys, Inc. (SNPS) Director Sells $1,892,023.72 in Stock
Synopsys, Inc. (NASDAQ:SNPS) Director Chrysostomos L. Nikias sold 21,074 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $89.78, for a total value of $1,892,023.72. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $88.65 on Thursday. The stock has a market capitalization of $13,197.04, a price-to-earnings ratio of 71.90, a P/E/G ratio of 4.00 and a beta of 1.01. Synopsys, Inc. has a 52-week low of $57.80 and a 52-week high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (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 return on equity of 5.78% and a net margin of 5.01%. Synopsys’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. analysts anticipate that Synopsys, Inc. will post 2.41 EPS for the current year.
SNPS has been the subject of a number of research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Synopsys in a research report on Thursday, August 31st. TheStreet downgraded Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $91.00 target price for the company in a research report on Tuesday, October 3rd. Needham & Company LLC increased their target price on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Finally, KeyCorp restated an “overweight” rating and issued a $106.00 price target (up from $86.00) on shares of Synopsys in a research report on Thursday, November 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $98.13.
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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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