Synopsys, Inc. (NASDAQ:SNPS) CFO Trac Pham sold 8,887 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $183.79, for a total transaction of $1,633,341.73. Following the completion of the sale, the chief financial officer now owns 18,938 shares of the company’s stock, valued at approximately $3,480,615.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Trac Pham also recently made the following trade(s):
- On Tuesday, May 26th, Trac Pham sold 33,758 shares of Synopsys stock. The stock was sold at an average price of $170.52, for a total transaction of $5,756,414.16.
- On Wednesday, April 15th, Trac Pham sold 5,000 shares of Synopsys stock. The stock was sold at an average price of $146.67, for a total transaction of $733,350.00.
NASDAQ:SNPS opened at $184.45 on Friday. Synopsys, Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $193.36. The stock has a market capitalization of $28.45 billion, a P/E ratio of 60.08, a P/E/G ratio of 3.32 and a beta of 1.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.87 and a current ratio of 0.95. The company’s 50-day simple moving average is $170.58 and its 200-day simple moving average is $148.85.
Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.23. Synopsys had a net margin of 13.96% and a return on equity of 11.53%. The business had revenue of $861.33 million for the quarter, compared to analysts’ expectations of $836.52 million. During the same period last year, the business earned $1.16 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts forecast that Synopsys, Inc. will post 3.75 EPS for the current year.
Several research analysts have commented on SNPS shares. Cfra cut their price target on shares of Synopsys from $163.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 21st. KeyCorp boosted their price objective on shares of Synopsys from $185.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Co boosted their price objective on shares of Synopsys from $180.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. UBS Group started coverage on shares of Synopsys in a research note on Wednesday, May 27th. They issued a “buy” rating and a $209.00 target price on the stock. Finally, Benchmark upped their target price on shares of Synopsys from $150.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $186.50.
Several large investors have recently added to or reduced their stakes in the company. Parnassus Investments CA boosted its stake in Synopsys by 0.7% in the 1st quarter. Parnassus Investments CA now owns 3,798,353 shares of the semiconductor company’s stock worth $489,190,000 after purchasing an additional 26,504 shares in the last quarter. Pictet Asset Management Ltd. raised its position in Synopsys by 14.2% during the 1st quarter. Pictet Asset Management Ltd. now owns 3,358,998 shares of the semiconductor company’s stock worth $432,606,000 after buying an additional 418,237 shares during the last quarter. Invesco Ltd. raised its position in Synopsys by 22.2% during the 1st quarter. Invesco Ltd. now owns 3,003,416 shares of the semiconductor company’s stock worth $386,809,000 after buying an additional 545,577 shares during the last quarter. Geode Capital Management LLC raised its position in Synopsys by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 2,766,857 shares of the semiconductor company’s stock worth $384,483,000 after buying an additional 91,215 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Synopsys by 31.7% during the 1st quarter. Franklin Resources Inc. now owns 2,670,356 shares of the semiconductor company’s stock valued at $343,914,000 after purchasing an additional 643,506 shares in the last quarter. Institutional investors and hedge funds own 88.89% of the company’s stock.
Synopsys Company Profile
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; 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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