Chrysostomos L. Nikias Sells 21,074 Shares of Synopsys, Inc. (SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS) Director Chrysostomos L. Nikias sold 21,074 shares of Synopsys stock in a transaction on Friday, December 1st. The stock was sold at an average price of $89.78, for a total value of $1,892,023.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Synopsys, Inc. (NASDAQ SNPS) opened at $87.34 on Wednesday. The stock has a market capitalization of $13,300.00, a PE ratio of 74.03, a PEG ratio of 4.12 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $94.80.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. Synopsys’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. research analysts expect that Synopsys, Inc. will post 2.41 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. grew its stake in Synopsys by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after buying an additional 147 shares during the last quarter. IFP Advisors Inc grew its stake in Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after buying an additional 415 shares during the last quarter. YorkBridge Wealth Partners LLC grew its stake 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 worth $111,000 after purchasing an additional 55 shares in the last quarter. Advisor Group Inc. grew its stake 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 worth $190,000 after purchasing an additional 327 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Synopsys in the second quarter worth $200,000. 89.94% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on SNPS. TheStreet downgraded Synopsys from an “a” rating to a “c+” rating in a research note on Wednesday, November 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $120.00 price objective on shares of Synopsys in a research report on Thursday, November 30th. Needham & Company LLC lifted their price objective on Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. KeyCorp reiterated an “overweight” rating and set a $106.00 price objective (up previously from $86.00) on shares of Synopsys in a research report on Thursday, November 30th. Finally, BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $98.13.

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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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