Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Geus Aart De sold 25,000 shares of Synopsys stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $441.76, for a total value of $11,044,000.00. Following the completion of the transaction, the insider directly owned 120,421 shares of the company’s stock, valued at approximately $53,197,180.96. This represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Geus Aart De also recently made the following trade(s):
- On Tuesday, September 1st, Geus Aart De sold 24,641 shares of Synopsys stock. The stock was sold at an average price of $419.44, for a total value of $10,335,421.04.
- On Friday, August 28th, Geus Aart De sold 25,000 shares of Synopsys stock. The stock was sold at an average price of $445.55, for a total transaction of $11,138,750.00.
Synopsys Stock Up 0.3%
Shares of SNPS traded up $1.15 during mid-day trading on Wednesday, reaching $415.97. The company’s stock had a trading volume of 1,268,643 shares, compared to its average volume of 1,994,018. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. Synopsys, Inc. has a 12-month low of $366.00 and a 12-month high of $615.79. The stock has a market cap of $79.72 billion, a PE ratio of 73.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company’s 50 day moving average is $415.20 and its 200 day moving average is $439.99.
Institutional Investors Weigh In On Synopsys
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Synopsys in the 2nd quarter worth approximately $7,228,099,000. State Street Corp boosted its holdings in shares of Synopsys by 0.3% in the fourth quarter. State Street Corp now owns 8,788,890 shares of the semiconductor company’s stock valued at $4,128,317,000 after acquiring an additional 28,532 shares in the last quarter. Morgan Stanley raised its stake in shares of Synopsys by 2.5% in the 4th quarter. Morgan Stanley now owns 4,573,980 shares of the semiconductor company’s stock worth $2,148,491,000 after buying an additional 109,917 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Synopsys by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 4,310,846 shares of the semiconductor company’s stock valued at $2,017,256,000 after acquiring an additional 54,329 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Synopsys by 19.7% in the second quarter. Van ECK Associates Corp now owns 3,457,249 shares of the semiconductor company’s stock valued at $1,542,175,000 after buying an additional 569,687 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SNPS has been the subject of a number of recent research reports. Mizuho decreased their price target on shares of Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research note on Thursday, August 27th. Robert W. Baird raised shares of Synopsys from a “neutral” rating to an “outperform” rating and upped their target price for the company from $558.00 to $560.00 in a report on Thursday, August 27th. Stifel Nicolaus upped their price objective on shares of Synopsys from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Wells Fargo & Company reduced their price target on Synopsys from $535.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $580.00 target price on shares of Synopsys in a research report on Thursday, August 27th. Twelve research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $561.28.
Get Our Latest Analysis on SNPS
About Synopsys
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front‑end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape‑out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
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