Synopsys, Inc. (NASDAQ:SNPS) VP Sudhindra Kankanwadi sold 3,133 shares of the stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $121.88, for a total transaction of $381,850.04. Following the sale, the vice president now owns 8,416 shares of the company’s stock, valued at approximately $1,025,742.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sudhindra Kankanwadi also recently made the following trade(s):
- On Monday, June 10th, Sudhindra Kankanwadi sold 2,500 shares of Synopsys stock. The stock was sold at an average price of $126.20, for a total transaction of $315,500.00.
Shares of NASDAQ:SNPS opened at $126.74 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.85. The stock has a market capitalization of $19.00 billion, a P/E ratio of 44.94, a PEG ratio of 3.72 and a beta of 1.26. Synopsys, Inc. has a 52 week low of $79.14 and a 52 week high of $127.91.
A number of large investors have recently made changes to their positions in SNPS. Flagship Harbor Advisors LLC increased its stake in shares of Synopsys by 78.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 227 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 100 shares in the last quarter. Tompkins Financial Corp increased its stake in shares of Synopsys by 63.7% during the 1st quarter. Tompkins Financial Corp now owns 280 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Executive Wealth Management LLC purchased a new position in shares of Synopsys during the 4th quarter worth approximately $29,000. Hanseatic Management Services Inc. purchased a new position in shares of Synopsys during the 1st quarter worth approximately $30,000. Finally, Riverview Trust Co purchased a new position in shares of Synopsys during the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 91.89% of the company’s stock.
Several equities research analysts have recently weighed in on SNPS shares. Bank of America reiterated an “average” rating on shares of Synopsys in a research note on Wednesday, June 5th. DA Davidson increased their target price on shares of Synopsys to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Needham & Company LLC reiterated a “buy” rating and set a $120.00 target price on shares of Synopsys in a research note on Wednesday, April 3rd. BidaskClub downgraded shares of Synopsys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 22nd. Finally, Zacks Investment Research downgraded shares of Synopsys from a “buy” rating to a “hold” rating and set a $124.00 target price for the company. in a research note on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Synopsys presently has an average rating of “Buy” and a consensus target price of $124.00.
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Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides 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.
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