Synopsys, Inc. (NASDAQ:SNPS – Get Rating) CRO Joseph W. Logan sold 53,706 shares of the company’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $299.12, for a total value of $16,064,538.72. Following the transaction, the executive now directly owns 99,907 shares in the company, valued at $29,884,181.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
SNPS stock traded down $0.11 during trading on Monday, reaching $306.61. The stock had a trading volume of 22,414 shares, compared to its average volume of 992,839. Synopsys, Inc. has a 52 week low of $244.00 and a 52 week high of $377.60. The stock’s 50 day moving average is $302.07 and its two-hundred day moving average is $319.84. The firm has a market cap of $46.94 billion, a PE ratio of 48.12, a PEG ratio of 3.29 and a beta of 1.21.
Synopsys (NASDAQ:SNPS – Get Rating) last issued its quarterly earnings results on Wednesday, May 18th. The semiconductor company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.13. Synopsys had a return on equity of 18.23% and a net margin of 21.19%. During the same period in the previous year, the business earned $1.24 earnings per share. Research analysts predict that Synopsys, Inc. will post 5.63 EPS for the current fiscal year.
SNPS has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Synopsys from $415.00 to $375.00 and set an “overweight” rating on the stock in a report on Thursday. StockNews.com downgraded Synopsys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 3rd. Atlantic Securities lowered their price target on Synopsys to $350.00 and set a “na” rating on the stock in a report on Thursday. UBS Group lowered their price target on Synopsys to $360.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Needham & Company LLC upped their price target on Synopsys from $370.00 to $380.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, Synopsys presently has an average rating of “Buy” and an average target price of $377.45.
About Synopsys (Get Rating)
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. The company offers Fusion Design Platform that provides digital design implementation solutions; Verification Continuum Platform that 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.
- Get a free copy of the StockNews.com research report on Synopsys (SNPS)
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