Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Janet Lee sold 250 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $530.00, for a total transaction of $132,500.00. Following the transaction, the insider directly owned 11,959 shares of the company’s stock, valued at $6,338,270. This represents a 2.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Janet Lee also recently made the following trade(s):
- On Wednesday, January 7th, Janet Lee sold 250 shares of Synopsys stock. The stock was sold at an average price of $510.00, for a total transaction of $127,500.00.
Synopsys Stock Down 4.1%
SNPS stock traded down $21.62 during midday trading on Tuesday, hitting $511.80. The company’s stock had a trading volume of 1,768,317 shares, compared to its average volume of 1,967,859. The company’s fifty day moving average price is $446.82 and its 200 day moving average price is $504.96. Synopsys, Inc. has a twelve month low of $365.74 and a twelve month high of $651.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.62 and a quick ratio of 1.52. The stock has a market capitalization of $97.92 billion, a P/E ratio of 64.06, a PEG ratio of 4.37 and a beta of 1.12.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Synopsys from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Wells Fargo & Company lifted their target price on Synopsys from $445.00 to $500.00 and gave the stock an “equal weight” rating in a report on Thursday, December 11th. Rosenblatt Securities upgraded shares of Synopsys from a “neutral” rating to a “buy” rating and decreased their price target for the company from $605.00 to $560.00 in a research note on Tuesday, December 9th. BNP Paribas started coverage on shares of Synopsys in a research report on Thursday, October 2nd. They set an “underperform” rating and a $425.00 price target on the stock. Finally, Zacks Research raised shares of Synopsys from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Nine investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $553.57.
Check Out Our Latest Research Report on SNPS
Institutional Trading of Synopsys
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Synopsys by 20.7% during the third quarter. Vanguard Group Inc. now owns 18,181,185 shares of the semiconductor company’s stock valued at $8,970,415,000 after buying an additional 3,120,401 shares during the period. State Street Corp increased its position in shares of Synopsys by 20.6% during the third quarter. State Street Corp now owns 8,760,358 shares of the semiconductor company’s stock valued at $4,322,273,000 after acquiring an additional 1,493,912 shares in the last quarter. Geode Capital Management LLC lifted its position in Synopsys by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 3,545,892 shares of the semiconductor company’s stock valued at $1,810,214,000 after acquiring an additional 51,043 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Synopsys by 238.8% during the 3rd quarter. Victory Capital Management Inc. now owns 2,824,349 shares of the semiconductor company’s stock valued at $1,393,506,000 after purchasing an additional 1,990,608 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Synopsys by 29.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,598,874 shares of the semiconductor company’s stock valued at $1,333,095,000 after acquiring an additional 585,494 shares during the period. Hedge funds and other institutional investors own 85.47% of the company’s stock.
Synopsys Company Profile
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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