Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Geus Aart De sold 24,641 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $419.44, for a total value of $10,335,421.04. Following the completion of the transaction, the insider directly owned 120,443 shares in the company, valued at $50,518,611.92. This trade represents a 16.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 Monday, August 31st, Geus Aart De sold 25,000 shares of Synopsys stock. The stock was sold at an average price of $441.76, for a total value of $11,044,000.00.
- On Friday, August 28th, Geus Aart De sold 25,000 shares of Synopsys stock. The stock was sold at an average price of $445.55, for a total transaction of $11,138,750.00.
Synopsys Stock Performance
Shares of Synopsys stock traded up $1.15 during trading hours on Wednesday, reaching $415.97. The company’s stock had a trading volume of 1,268,643 shares, compared to its average volume of 1,994,018. The stock has a market cap of $79.72 billion, a P/E ratio of 73.49, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company’s 50 day simple moving average is $415.20 and its 200 day simple moving average is $439.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.24 and a current ratio of 1.34. Synopsys, Inc. has a one year low of $366.00 and a one year high of $615.79.
Institutional Investors Weigh In On Synopsys
Hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Synopsys in the 2nd quarter valued at $747,400,000. Man Group plc bought a new stake in Synopsys in the second quarter valued at $55,900,000. Norges Bank acquired a new position in shares of Synopsys in the 4th quarter worth approximately $730,197,000. SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Synopsys during the fourth quarter worth $1,699,000. Finally, Czech National Bank increased its position in Synopsys by 4.6% in the 2nd quarter. Czech National Bank now owns 54,526 shares of the semiconductor company’s stock valued at $24,322,000 after acquiring an additional 2,421 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. BNP Paribas Exane lifted their target price on shares of Synopsys from $425.00 to $450.00 and gave the company an “underperform” rating in a research note on Thursday, May 28th. KeyCorp reaffirmed an “overweight” rating on shares of Synopsys in a research report on Wednesday, August 19th. Rosenblatt Securities reissued a “buy” rating and issued a $575.00 target price on shares of Synopsys in a research report on Tuesday, August 25th. Needham & Company LLC restated a “buy” rating and set a $580.00 price target on shares of Synopsys in a research note on Thursday, August 27th. Finally, Robert W. Baird upgraded shares of Synopsys from a “neutral” rating to an “outperform” rating and raised their price target for the company from $558.00 to $560.00 in a report on Thursday, August 27th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $561.28.
Get Our Latest Report on Synopsys
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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