Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $102.00, for a total value of $1,020,000.00. Following the completion of the transaction, the general counsel now directly owns 22,322 shares in the company, valued at approximately $2,276,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Synopsys stock opened at $101.82 on Wednesday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 1-year low of $78.66 and a 1-year high of $102.91. The company has a market capitalization of $15.18 billion, a P/E ratio of 115.70, a price-to-earnings-growth ratio of 6.51 and a beta of 1.17.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, August 22nd. The semiconductor company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.03. Synopsys had a return on equity of 5.52% and a net margin of 1.92%. The firm had revenue of $779.70 million for the quarter, compared to the consensus estimate of $773.61 million. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. equities analysts anticipate that Synopsys, Inc. will post 1.57 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on SNPS shares. Credit Suisse Group boosted their target price on Synopsys from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Thursday, May 24th. KeyCorp lifted their price target on Synopsys from $112.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, August 23rd. BidaskClub downgraded Synopsys from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $105.00 price target (up from $100.00) on shares of Synopsys in a research note on Thursday, August 23rd. Finally, Zacks Investment Research downgraded Synopsys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Synopsys currently has an average rating of “Buy” and an average target price of $106.14.

Several institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its position in Synopsys by 10.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 25,484 shares of the semiconductor company’s stock worth $2,121,000 after purchasing an additional 2,351 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Synopsys by 15.0% during the second quarter. State of Alaska Department of Revenue now owns 37,715 shares of the semiconductor company’s stock worth $3,225,000 after purchasing an additional 4,930 shares in the last quarter. New Jersey Better Educational Savings Trust purchased a new stake in Synopsys during the second quarter worth $342,000. Kornitzer Capital Management Inc. KS boosted its position in Synopsys by 21.8% during the second quarter. Kornitzer Capital Management Inc. KS now owns 255,125 shares of the semiconductor company’s stock worth $21,831,000 after purchasing an additional 45,725 shares in the last quarter. Finally, Tredje AP fonden boosted its position in Synopsys by 64.2% during the second quarter. Tredje AP fonden now owns 107,056 shares of the semiconductor company’s stock worth $9,161,000 after purchasing an additional 41,856 shares in the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides 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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Insider Buying and Selling by Quarter for Synopsys (NASDAQ:SNPS)

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