Synopsys, Inc. (NASDAQ:SNPS) Director Marc N. Casper Acquires 750 Shares of Stock

Synopsys, Inc. (NASDAQ:SNPS) Director Marc N. Casper bought 750 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was purchased at an average cost of $585.45 per share, with a total value of $439,087.50. Following the completion of the transaction, the director now directly owns 1,736 shares of the company’s stock, valued at $1,016,341.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

Synopsys Price Performance

Shares of NASDAQ:SNPS opened at $573.35 on Thursday. Synopsys, Inc. has a 1 year low of $360.36 and a 1 year high of $629.38. The company has a market cap of $87.46 billion, a PE ratio of 63.14, a P/E/G ratio of 3.32 and a beta of 1.07. The stock’s 50-day moving average is $560.11 and its 200 day moving average is $521.79.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $0.13. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. Synopsys’s revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.75 EPS. Analysts expect that Synopsys, Inc. will post 10.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SNPS has been the subject of a number of analyst reports. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Wells Fargo & Company raised their price target on Synopsys from $620.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Rosenblatt Securities reissued a “buy” rating and set a $615.00 price objective on shares of Synopsys in a research note on Thursday, March 21st. Needham & Company LLC reissued a “buy” rating and set a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Finally, Robert W. Baird lifted their price objective on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $594.60.

Institutional Trading of Synopsys

Several large investors have recently bought and sold shares of SNPS. Coldstream Capital Management Inc. boosted its position in shares of Synopsys by 0.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,195 shares of the semiconductor company’s stock worth $1,130,000 after purchasing an additional 18 shares in the last quarter. Mission Wealth Management LP lifted its position in Synopsys by 2.5% in the 4th quarter. Mission Wealth Management LP now owns 780 shares of the semiconductor company’s stock valued at $401,000 after acquiring an additional 19 shares in the last quarter. Fred Alger Management LLC lifted its position in Synopsys by 1.8% in the 3rd quarter. Fred Alger Management LLC now owns 1,150 shares of the semiconductor company’s stock valued at $528,000 after acquiring an additional 20 shares in the last quarter. Quent Capital LLC lifted its position in Synopsys by 1.9% in the 3rd quarter. Quent Capital LLC now owns 1,138 shares of the semiconductor company’s stock valued at $522,000 after acquiring an additional 21 shares in the last quarter. Finally, Allstate Corp raised its stake in Synopsys by 4.7% during the 4th quarter. Allstate Corp now owns 468 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 21 shares during the last quarter. 85.47% of the stock is owned by institutional investors.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.