Synopsys, Inc. (NASDAQ:SNPS) Director Steven Walske sold 4,545 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $90.12, for a total value of $409,595.40. Following the transaction, the director now directly owns 14,988 shares of the company’s stock, valued at $1,350,718.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Synopsys, Inc. (SNPS) opened at $92.61 on Friday. Synopsys, Inc. has a 52-week low of $60.41 and a 52-week high of $94.80. The stock has a market capitalization of $13,602.84, a P/E ratio of 108.95, a PEG ratio of 4.08 and a beta of 1.01. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $650.72 million. During the same period last year, the firm posted $0.77 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. sell-side analysts anticipate that Synopsys, Inc. will post 2.24 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC lifted its position in shares of Synopsys by 3.7% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,542 shares of the semiconductor company’s stock valued at $111,000 after buying an additional 55 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Synopsys by 14.3% in the second quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock valued at $190,000 after buying an additional 327 shares during the last quarter. Tiemann Investment Advisors LLC acquired a new stake in shares of Synopsys in the third quarter valued at approximately $214,000. Lakeview Capital Partners LLC acquired a new stake in shares of Synopsys in the third quarter valued at approximately $215,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Synopsys in the third quarter valued at approximately $220,000. 90.77% of the stock is owned by institutional investors.

SNPS has been the subject of several recent research reports. TheStreet cut Synopsys from an “a” rating to a “c+” rating in a research report on Wednesday, November 29th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Tuesday, October 3rd. Needham & Company LLC increased their price target on Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, December 1st. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Synopsys in a research report on Thursday, December 7th. Finally, KeyCorp reissued an “overweight” rating and set a $106.00 price target (up from $86.00) on shares of Synopsys in a research report on Thursday, November 30th. Two research 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $96.89.

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Synopsys Company Profile

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.

Insider Buying and Selling by Quarter for Synopsys (NASDAQ:SNPS)

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