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.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Synopsys by 3.1% in the second quarter. Vanguard Group Inc. now owns 15,500,829 shares of the semiconductor company’s stock worth $1,130,474,000 after purchasing an additional 469,622 shares during the period. Ameriprise Financial Inc. increased its stake in Synopsys by 3.0% in the second 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 during the period. Janus Henderson Group PLC increased its stake in Synopsys by 14,458.8% in the second quarter. Janus Henderson Group PLC now owns 3,226,957 shares of the semiconductor company’s stock worth $235,342,000 after purchasing an additional 3,204,792 shares during the period. Alkeon Capital Management LLC increased its stake in Synopsys by 0.4% in the third quarter. Alkeon Capital Management LLC now owns 2,460,259 shares of the semiconductor company’s stock worth $198,125,000 after purchasing an additional 10,000 shares during the period. Finally, Swedbank increased its stake in Synopsys by 8.6% in the third quarter. Swedbank now owns 2,262,107 shares of the semiconductor company’s stock worth $182,167,000 after purchasing an additional 179,528 shares during the period. Institutional investors own 89.94% of the company’s stock.

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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About Synopsys

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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