Joseph W. Logan Sells 5,000 Shares of Synopsys, Inc. (SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS) EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Synopsys, Inc. (SNPS) opened at $87.34 on Wednesday. The stock has a market capitalization of $13,300.00, a PE ratio of 74.03, a P/E/G ratio of 4.12 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 1.07. Synopsys, Inc. has a one year low of $57.80 and a one year high of $94.80.

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

Several analysts have recently weighed in on the company. Credit Suisse Group restated a “positive” rating and issued a $90.00 price objective (up previously from $82.00) on shares of Synopsys in a report on Tuesday, August 15th. BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Needham & Company LLC restated a “buy” rating and issued a $83.00 price objective (up previously from $77.00) on shares of Synopsys in a report on Thursday, August 17th. Royal Bank Of Canada upped their price objective on Synopsys from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research upgraded Synopsys from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $98.13.

A number of institutional investors have recently made changes to their positions in SNPS. Bronfman E.L. Rothschild L.P. increased its position in Synopsys by 11.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,382 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 147 shares during the last quarter. IFP Advisors Inc increased its position in Synopsys by 40.4% in the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 415 shares during the last quarter. YorkBridge Wealth Partners LLC increased its position in Synopsys by 3.7% in the 2nd 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 during the last quarter. Advisor Group Inc. increased its position in Synopsys by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,617 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 327 shares during the last quarter. Finally, Tiemann Investment Advisors LLC acquired a new position in Synopsys in the 3rd quarter worth about $214,000. 89.94% of the stock is owned by hedge funds and other institutional investors.

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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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