Insider Selling: Synopsys, Inc. (NASDAQ:SNPS) VP Sells 3,133 Shares of Stock

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.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.04. The firm had revenue of $836.20 million during the quarter, compared to the consensus estimate of $829.41 million. Synopsys had a net margin of 18.74% and a return on equity of 16.88%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. On average, sell-side analysts anticipate that Synopsys, Inc. will post 3.03 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: “Insider Selling: Synopsys, Inc. (NASDAQ:SNPS) VP Sells 3,133 Shares of Stock” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2019/06/13/insider-selling-synopsys-inc-nasdaqsnps-vp-sells-3133-shares-of-stock.html.

About Synopsys

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.

Featured Story: How to Use a Moving Average for Trading 

Insider Buying and Selling by Quarter for Synopsys (NASDAQ:SNPS)

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



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit