Synopsys (NASDAQ:SNPS) CEO Geus Aart De sold 6,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $38.90, for a total transaction of $233,400.00. Following the completion of the transaction, the chief executive officer now directly owns 667,353 shares in the company, valued at approximately $25,960,032. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
SNPS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Synopsys in a research note to investors on Friday, December 6th. They now have a $39.00 price target on the stock. Analysts at RBC Capital raised their price target on shares of Synopsys from $41.00 to $43.00 in a research note to investors on Friday, October 11th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Synopsys presently has an average rating of “Buy” and an average price target of $40.50.
Synopsys (NASDAQ:SNPS) traded down 0.56% on Thursday, hitting $39.20. 96,857 shares of the company’s stock traded hands. Synopsys has a 52 week low of $31.31 and a 52 week high of $39.43. The stock has a 50-day moving average of $36.89 and a 200-day moving average of $36.92. The company has a market cap of $6.043 billion and a price-to-earnings ratio of 24.95.
Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.01. The company had revenue of $504.90 million for the quarter, compared to the consensus estimate of $505.82 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, analysts predict that Synopsys will post $2.57 earnings per share for the current fiscal year.
Synopsys, Inc is engaged in providing technology solutions used to develop electronics and electronic systems.
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