Geus Aart De Sells 8,158 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS) insider Geus Aart De sold 8,158 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $602.59, for a total value of $4,915,929.22. Following the completion of the sale, the insider now owns 106,983 shares of the company’s stock, valued at $64,466,885.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 Trading Up 1.4 %

SNPS traded up $8.20 during trading on Friday, hitting $603.20. The company’s stock had a trading volume of 286,305 shares, compared to its average volume of 1,094,897. Synopsys, Inc. has a twelve month low of $418.51 and a twelve month high of $629.38. The business’s fifty day simple moving average is $566.70 and its 200 day simple moving average is $555.92. The firm has a market capitalization of $92.42 billion, a price-to-earnings ratio of 64.67, a P/E/G ratio of 3.86 and a beta of 1.08.

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

Institutional Trading of Synopsys

Institutional investors have recently made changes to their positions in the company. Bay Harbor Wealth Management LLC acquired a new stake in shares of Synopsys in the first quarter worth approximately $26,000. University of Texas Texas AM Investment Managment Co. purchased a new position in Synopsys during the fourth quarter worth approximately $28,000. Jones Financial Companies Lllp lifted its position in Synopsys by 233.3% during the fourth quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after buying an additional 42 shares in the last quarter. Activest Wealth Management purchased a new position in Synopsys during the first quarter worth approximately $35,000. Finally, Hazlett Burt & Watson Inc. lifted its position in Synopsys by 40.0% during the first quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $40,000 after buying an additional 20 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Robert W. Baird raised their price objective on Synopsys from $640.00 to $645.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd. KeyCorp raised their price objective on Synopsys from $675.00 to $690.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com upgraded Synopsys from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Piper Sandler restated an “overweight” rating and issued a $672.00 price objective (up from $665.00) on shares of Synopsys in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on Synopsys from $650.00 to $655.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Synopsys currently has a consensus rating of “Buy” and a consensus price target of $624.36.

Synopsys Company Profile

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.