Geus Aart De Sells 5,448 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPSGet Free Report) insider Geus Aart De sold 5,448 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $620.95, for a total value of $3,382,935.60. Following the completion of the transaction, the insider now directly owns 106,983 shares of the company’s stock, valued at $66,431,093.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Geus Aart De also recently made the following trade(s):

  • On Friday, July 5th, Geus Aart De sold 27,753 shares of Synopsys stock. The stock was sold at an average price of $618.58, for a total value of $17,167,450.74.
  • On Wednesday, July 3rd, Geus Aart De sold 2,789 shares of Synopsys stock. The shares were sold at an average price of $610.94, for a total value of $1,703,911.66.
  • On Monday, July 1st, Geus Aart De sold 5,893 shares of Synopsys stock. The shares were sold at an average price of $602.00, for a total value of $3,547,586.00.
  • On Thursday, June 27th, Geus Aart De sold 8,158 shares of Synopsys stock. The shares were sold at an average price of $602.59, for a total value of $4,915,929.22.
  • On Tuesday, June 25th, Geus Aart De sold 4,212 shares of Synopsys stock. The shares were sold at an average price of $600.05, for a total value of $2,527,410.60.

Synopsys Stock Performance

Shares of NASDAQ SNPS traded down $8.44 during mid-day trading on Tuesday, hitting $607.05. 239,436 shares of the stock were exchanged, compared to its average volume of 1,075,943. Synopsys, Inc. has a twelve month low of $418.51 and a twelve month high of $629.38. The stock’s fifty day simple moving average is $579.36 and its two-hundred day simple moving average is $558.60. The company has a market cap of $93.01 billion, a P/E ratio of 65.69, a PEG ratio of 4.01 and a beta of 1.07.

Synopsys (NASDAQ:SNPSGet Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing analysts’ consensus estimates of $3.03 by ($0.03). The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.50 billion. Synopsys had a net margin of 23.05% and a return on equity of 22.66%. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.76 earnings per share. As a group, equities research analysts predict that Synopsys, Inc. will post 9.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on SNPS. KeyCorp boosted their price target on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Robert W. Baird upped their price objective on Synopsys from $645.00 to $661.00 and gave the company an “outperform” rating in a research note on Tuesday, July 2nd. Rosenblatt Securities reiterated a “buy” rating and set a $615.00 price target on shares of Synopsys in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their price target on Synopsys from $650.00 to $655.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $625.82.

Read Our Latest Stock Analysis on SNPS

Hedge Funds Weigh In On Synopsys

Large investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its position in shares of Synopsys by 0.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,195 shares of the semiconductor company’s stock worth $1,130,000 after buying an additional 18 shares during the period. Mission Wealth Management LP boosted its position in shares of Synopsys by 2.5% during the fourth quarter. Mission Wealth Management LP now owns 780 shares of the semiconductor company’s stock worth $401,000 after purchasing an additional 19 shares in the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of Synopsys by 40.0% in the 1st quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 20 shares during the period. Ignite Planners LLC raised its stake in Synopsys by 3.5% during the 1st quarter. Ignite Planners LLC now owns 596 shares of the semiconductor company’s stock worth $344,000 after buying an additional 20 shares during the period. Finally, Monument Capital Management grew its stake in Synopsys by 1.1% in the first quarter. Monument Capital Management now owns 1,880 shares of the semiconductor company’s stock valued at $1,074,000 after acquiring an additional 20 shares during the period. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Company Profile

(Get Free Report)

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.

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