Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Geus Aart De sold 25,000 shares of the stock in a transaction on Monday, August 31st. The shares were sold at an average price of $441.76, for a total transaction of $11,044,000.00. Following the completion of the transaction, the insider directly owned 120,421 shares in the company, valued at $53,197,180.96. This trade represents a 17.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Geus Aart De also recently made the following trade(s):
- On Tuesday, September 1st, Geus Aart De sold 24,641 shares of Synopsys stock. The shares were sold at an average price of $419.44, for a total transaction of $10,335,421.04.
- On Friday, August 28th, Geus Aart De sold 25,000 shares of Synopsys stock. The shares were sold at an average price of $445.55, for a total value of $11,138,750.00.
Synopsys Stock Performance
NASDAQ:SNPS opened at $415.97 on Thursday. Synopsys, Inc. has a 1-year low of $366.00 and a 1-year high of $615.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The firm’s fifty day moving average price is $414.25 and its 200 day moving average price is $439.94. The firm has a market cap of $79.72 billion, a price-to-earnings ratio of 73.49, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.
Analyst Ratings Changes
Several research analysts have issued reports on SNPS shares. Mizuho cut their price objective on Synopsys from $600.00 to $550.00 and set an “outperform” rating for the company in a research report on Thursday, August 27th. Stifel Nicolaus increased their price target on shares of Synopsys from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Berenberg Bank set a $633.00 price objective on shares of Synopsys in a report on Wednesday, May 27th. Bank of America increased their target price on shares of Synopsys from $515.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $580.00 price target on shares of Synopsys in a research report on Thursday, August 27th. Twelve equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $561.28.
Check Out Our Latest Research Report on Synopsys
Institutional Trading of Synopsys
Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Synopsys in the 2nd quarter valued at approximately $7,228,099,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Synopsys in the second quarter worth $747,400,000. Norges Bank purchased a new stake in shares of Synopsys in the fourth quarter valued at $730,197,000. Bank of New York Mellon Corp acquired a new stake in shares of Synopsys during the second quarter valued at $692,074,000. Finally, State Street Corp boosted its stake in shares of Synopsys by 20.6% during the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after acquiring an additional 1,493,912 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company’s stock.
More Synopsys News
Here are the key news stories impacting Synopsys this week:
- Positive Sentiment: Wall Street analysts see approximately 25% potential upside based on the average price target. Synopsys maintains a “Moderate Buy” consensus, with several firms reiterating Buy ratings; Robert W. Baird upgraded the stock to Outperform and raised its target to $560. Wall Street Analysts See a 25.39% Upside in Synopsys
- Positive Sentiment: A recent analysis argues that the market may be underestimating Synopsys’ AI-related chip-design opportunity. The company’s latest revenue growth substantially exceeded that of a major electronic-design-automation rival, potentially supporting a valuation re-rating. The Market May Be Underestimating This AI Chip-Design Stock
- Positive Sentiment: Synopsys’ latest quarterly results provide fundamental support: adjusted EPS of $3.91 exceeded expectations of $3.67, revenue reached $2.48 billion versus a $2.44 billion estimate, and revenue increased 42.4% year over year.
- Neutral Sentiment: A look at Synopsys’ decade-long investment returns highlights its strong long-term performance, but the retrospective analysis is unlikely to materially affect near-term trading. Here’s How Much You’d Have If You Invested $1000 in Synopsys a Decade Ago
- Negative Sentiment: Executive Chair Aart de Geus sold a combined 49,641 shares for roughly $21.4 million across transactions on August 31 and September 1. The sales reduced his holdings by about 17%; however, both transactions were made under a pre-arranged Rule 10b5-1 plan, which reduces their significance as a discretionary bearish signal. Synopsys SEC Insider Sale Filing
- Negative Sentiment: Synopsys is exposed to a broader semiconductor-sector pullback as rising global bond yields pressure high-multiple technology stocks. With a P/E ratio above 70 and the shares below their 200-day moving average, valuation and interest-rate sensitivity remain risks. Semiconductor Stocks Slide as Global Bond Selloff Lifts Yields
About Synopsys
Synopsys, Inc is a leading provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) used to design, verify and manufacture integrated circuits and complex systems-on-chip (SoCs). Its product portfolio spans tools and technologies for front?end design and synthesis, simulation and verification, physical implementation and signoff, and design-for-manufacturability, enabling chip designers to move from architecture through tape?out.
In addition to core EDA offerings, Synopsys supplies a broad set of semiconductor IP building blocks — such as interface, memory and analog/mixed-signal cores — that customers integrate into SoCs to accelerate development.
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