Insider Selling: Synopsys, Inc. (SNPS) CEO Sells $336,675.00 in Stock

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.

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

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.

TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.chaffeybreeze.com/2017/12/07/insider-selling-synopsys-inc-snps-ceo-sells-336675-00-in-stock.html.

About Synopsys

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)

Receive News & Ratings for Synopsys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply