Synopsys, Inc. (NASDAQ:SNPS - Get Free Report) Director Marc N. Casper acquired 750 shares of the stock in a transaction on Monday, March 25th. The shares were acquired at an average cost of $585.45 per share, for a total transaction of $439,087.50. Following the completion of the transaction, the director now directly owns 1,736 shares in the company, valued at approximately $1,016,341.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Synopsys Stock Performance
Synopsys stock opened at $573.35 on Thursday. Synopsys, Inc. has a 1 year low of $360.36 and a 1 year high of $629.38. The firm has a 50 day moving average price of $560.11 and a 200 day moving average price of $521.79. The company has a market cap of $87.46 billion, a price-to-earnings ratio of 63.14, a PEG ratio of 3.32 and a beta of 1.07.
Synopsys (NASDAQ:SNPS - Get Free Report) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.43 by $0.13. Synopsys had a net margin of 22.96% and a return on equity of 22.88%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned $1.75 earnings per share. Synopsys's revenue was up 21.1% compared to the same quarter last year. Sell-side analysts predict that Synopsys, Inc. will post 10.06 EPS for the current year.
Analyst Upgrades and Downgrades
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SNPS has been the topic of several analyst reports. StockNews.com raised shares of Synopsys from a "hold" rating to a "buy" rating in a report on Monday, March 18th. Rosenblatt Securities reiterated a "buy" rating and issued a $615.00 price objective on shares of Synopsys in a research note on Thursday, March 21st. Needham & Company LLC reiterated a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a research note on Friday, March 22nd. Robert W. Baird lifted their target price on shares of Synopsys from $624.00 to $640.00 and gave the stock an "outperform" rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Synopsys from $620.00 to $630.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 13th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Synopsys currently has an average rating of "Buy" and a consensus target price of $594.60.
View Our Latest Stock Report on Synopsys
Institutional Investors Weigh In On Synopsys
Institutional investors have recently bought and sold shares of the business. University of Texas Texas AM Investment Managment Co. purchased a new stake in Synopsys during the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC purchased a new stake in Synopsys during the third quarter worth approximately $27,000. OFI Invest Asset Management purchased a new stake in Synopsys during the third quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its stake in shares of Synopsys by 233.3% in the fourth quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 42 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Synopsys in the third quarter valued at $29,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
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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