Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $88.00, for a total value of $880,000.00. Following the sale, the general counsel now directly owns 18,742 shares in the company, valued at $1,649,296. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Synopsys, Inc. (SNPS) opened at $86.48 on Friday. Synopsys, Inc. has a 1 year low of $58.74 and a 1 year high of $94.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $13,141.83, a PE ratio of 72.43, a PEG ratio of 4.32 and a beta of 1.01.

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

A number of brokerages have recently commented on SNPS. J P Morgan Chase & Co lowered Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target on the stock. in a research note on Tuesday, December 12th. KeyCorp reissued an “overweight” rating and set a $106.00 price target (up from $86.00) on shares of Synopsys in a research note on Thursday, November 30th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Tuesday, October 3rd. TheStreet lowered Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Finally, Needham & Company LLC lifted their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $96.89.

Institutional investors and hedge funds have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Synopsys by 11.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 147 shares during the last quarter. IFP Advisors Inc raised its position in shares of Synopsys by 40.4% during the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 415 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in Synopsys by 3.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock worth $111,000 after purchasing an additional 55 shares in the last quarter. Advisor Group Inc. increased its holdings in Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 327 shares in the last quarter. Finally, Tiemann Investment Advisors LLC bought a new stake in Synopsys in the third quarter worth approximately $214,000. Institutional investors own 89.70% of the company’s stock.

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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.

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