Synopsys, Inc. (NASDAQ:SNPS) Insider Geus Aart De Sells 5,893 Shares

Synopsys, Inc. (NASDAQ:SNPSGet Free Report) insider Geus Aart De sold 5,893 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $602.00, for a total transaction of $3,547,586.00. Following the completion of the sale, the insider now owns 106,983 shares of the company’s stock, valued at approximately $64,403,766. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Geus Aart De also recently made the following trade(s):

  • On Thursday, June 27th, Geus Aart De sold 8,158 shares of Synopsys stock. The shares were sold at an average price of $602.59, for a total value of $4,915,929.22.
  • On Tuesday, June 25th, Geus Aart De sold 4,212 shares of Synopsys stock. The stock was sold at an average price of $600.05, for a total value of $2,527,410.60.

Synopsys Stock Performance

NASDAQ:SNPS opened at $609.66 on Wednesday. The business’s fifty day moving average is $571.62 and its 200 day moving average is $556.66. The firm has a market cap of $93.41 billion, a price-to-earnings ratio of 66.27, a PEG ratio of 3.84 and a beta of 1.07. Synopsys, Inc. has a 52-week low of $418.51 and a 52-week high of $629.38.

Synopsys (NASDAQ:SNPSGet Free Report) last announced its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $3.00 earnings per share for the quarter, missing the consensus estimate of $3.03 by ($0.03). Synopsys had a net margin of 23.05% and a return on equity of 22.66%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company earned $1.76 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts predict that Synopsys, Inc. will post 9.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Bay Harbor Wealth Management LLC purchased a new stake in shares of Synopsys in the first quarter worth $26,000. University of Texas Texas AM Investment Managment Co. bought a new stake in shares of Synopsys during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp grew its holdings in shares of Synopsys by 233.3% during the fourth quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 42 shares in the last quarter. Activest Wealth Management bought a new position in shares of Synopsys in the first quarter worth approximately $35,000. Finally, Hazlett Burt & Watson Inc. raised its stake in Synopsys by 40.0% in the first quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 20 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. KeyCorp raised their target price on Synopsys from $675.00 to $690.00 and gave the company an “overweight” rating in a research report on Thursday, June 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $672.00 price objective (up previously from $665.00) on shares of Synopsys in a research report on Thursday, May 23rd. StockNews.com raised shares of Synopsys from a “hold” rating to a “buy” rating in a research report on Monday, March 18th. Needham & Company LLC reiterated a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a research note on Thursday, May 23rd. Finally, Robert W. Baird raised their target price on Synopsys from $645.00 to $661.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Synopsys currently has an average rating of “Buy” and a consensus target price of $625.82.

Read Our Latest Research Report on SNPS

Synopsys Company Profile

(Get Free Report)

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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.

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

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