Insider Selling: Synopsys, Inc. (SNPS) EVP Sells $451,650.00 in Stock

Synopsys, Inc. (NASDAQ:SNPS) EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $90.33, for a total transaction of $451,650.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $88.65 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $13,139.87, a price-to-earnings ratio of 71.59, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01. Synopsys, Inc. has a one year low of $57.80 and a one year high of $94.80.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.12. The company had revenue of $696.60 million for the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. equities research analysts anticipate that Synopsys, Inc. will post 2.31 EPS for the current fiscal year.

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

A number of hedge funds have recently bought and sold shares of the business. Louisiana State Employees Retirement System increased its holdings in shares of Synopsys by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the semiconductor company’s stock valued at $678,000 after purchasing an additional 100 shares during the period. Strs Ohio increased its holdings in shares of Synopsys by 24.3% during the second quarter. Strs Ohio now owns 19,275 shares of the semiconductor company’s stock valued at $1,405,000 after purchasing an additional 3,768 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Synopsys by 292.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 19,170 shares of the semiconductor company’s stock valued at $1,398,000 after purchasing an additional 14,290 shares during the period. IFP Advisors Inc increased its holdings in shares of Synopsys by 40.4% during the second quarter. IFP Advisors Inc now owns 1,441 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 415 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in shares of Synopsys by 21.2% during the second quarter. Pictet Asset Management Ltd. now owns 1,176,721 shares of the semiconductor company’s stock valued at $88,101,000 after purchasing an additional 205,781 shares during the period. Institutional investors own 89.94% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Synopsys, Inc. (SNPS) EVP Sells $451,650.00 in Stock” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.com-unik.info/2017/12/07/insider-selling-synopsys-inc-snps-evp-sells-451650-00-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.

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