Synopsys, Inc. (NASDAQ:SNPS) CEO Chi-Foon Chan sold 3,750 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $89.78, for a total transaction of $336,675.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Synopsys, Inc. (SNPS) opened at $88.65 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.07. The firm has a market cap of $13,139.87, a PE ratio of 71.59, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01. Synopsys, Inc. has a 52 week low of $57.80 and a 52 week high of $94.80.
Synopsys (NASDAQ:SNPS) last released its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. equities research analysts anticipate that Synopsys, Inc. will post 2.31 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its stake in shares of 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 valued at $101,000 after buying an additional 147 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Synopsys by 40.4% during the 2nd quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 415 shares in the last quarter. YorkBridge Wealth Partners LLC lifted its stake in shares of Synopsys by 3.7% during the 2nd 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 in the last quarter. Advisor Group Inc. lifted its stake in shares of Synopsys by 14.3% during the 2nd 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 in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Synopsys during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.
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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.
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