Chrysostomos L. Nikias Sells 21,073 Shares of Synopsys, Inc. (SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS) Director Chrysostomos L. Nikias sold 21,073 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $85.88, for a total transaction of $1,809,749.24. Following the transaction, the director now owns 32,466 shares in the company, valued at approximately $2,788,180.08. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Synopsys, Inc. (NASDAQ:SNPS) opened at $87.89 on Friday. The company has a market cap of $13,180.00, a price-to-earnings ratio of 102.20, a P/E/G ratio of 3.83 and a beta of 1.01. Synopsys, Inc. has a twelve month low of $59.41 and a twelve month high of $94.80. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.04.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million for the quarter, compared to the consensus estimate of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. analysts expect that Synopsys, Inc. will post 2.24 earnings per share for the current fiscal year.

SNPS has been the topic of a number of recent research reports. TheStreet downgraded shares of Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, October 3rd. Needham & Company LLC raised their price target on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Friday, December 1st. JPMorgan Chase & Co. restated an “underweight” rating on shares of Synopsys in a report on Thursday, December 7th. Finally, KeyCorp restated an “overweight” rating and set a $106.00 price target (up previously from $86.00) on shares of Synopsys in a report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $96.89.

A number of institutional investors and hedge funds have recently made changes to their positions in SNPS. Federated Investors Inc. PA raised its holdings in Synopsys by 107.7% in the 2nd quarter. Federated Investors Inc. PA now owns 28,064 shares of the semiconductor company’s stock worth $2,047,000 after acquiring an additional 14,551 shares during the period. Pacer Advisors Inc. grew its position in Synopsys by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,093 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 232 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Synopsys by 23.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,482 shares of the semiconductor company’s stock worth $2,588,000 after purchasing an additional 6,649 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Synopsys by 88.5% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 8,608 shares of the semiconductor company’s stock worth $628,000 after purchasing an additional 4,041 shares during the last quarter. Finally, Chicago Equity Partners LLC grew its position in Synopsys by 30.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 36,645 shares of the semiconductor company’s stock worth $2,673,000 after purchasing an additional 8,515 shares during the last quarter. Hedge funds and other institutional investors own 90.75% of the company’s stock.

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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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