Synopsys, Inc. (NASDAQ:SNPS) General Counsel John F. Runkel, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $87.00, for a total transaction of $870,000.00. Following the transaction, the general counsel now directly owns 23,052 shares of the company’s stock, valued at approximately $2,005,524. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Synopsys, Inc. (SNPS) opened at $88.48 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.04. Synopsys, Inc. has a 12 month low of $69.42 and a 12 month high of $94.80. The company has a market cap of $13,160.00, a P/E ratio of 82.69, a price-to-earnings-growth ratio of 5.81 and a beta of 1.09.
Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.10. Synopsys had a net margin of 1.63% and a return on equity of 6.72%. The business had revenue of $769.40 million during the quarter, compared to analysts’ expectations of $750.43 million. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. sell-side analysts expect that Synopsys, Inc. will post 1.54 earnings per share for the current year.
Several equities analysts recently commented on SNPS shares. JPMorgan Chase & Co. cut shares of Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price objective for the company. in a research note on Tuesday, December 12th. BidaskClub cut shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Royal Bank of Canada boosted their price objective on shares of Synopsys from $100.00 to $110.00 and gave the company a “top pick” rating in a research note on Wednesday, November 22nd. Zacks Investment Research cut shares of Synopsys from a “hold” rating to a “strong sell” rating in a research note on Monday, December 4th. Finally, Needham & Company LLC boosted their price objective on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, December 1st. Two equities 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 company has a consensus rating of “Hold” and a consensus price target of $97.33.
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Synopsys Company Profile
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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