John F. Runkel, Jr. Sells 2,142 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS – Get Rating) insider John F. Runkel, Jr. sold 2,142 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $413.03, for a total value of $884,710.26. Following the completion of the transaction, the insider now directly owns 25,147 shares in the company, valued at $10,386,465.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Synopsys Stock Up 0.6 %

NASDAQ SNPS opened at $395.39 on Thursday. The stock’s 50-day moving average price is $377.47 and its 200-day moving average price is $353.48. The company has a market capitalization of $60.16 billion, a P/E ratio of 66.68, a price-to-earnings-growth ratio of 3.49 and a beta of 1.18. Synopsys, Inc. has a 52 week low of $267.00 and a 52 week high of $418.40.

Synopsys (NASDAQ:SNPS – Get Rating) last issued its earnings results on Wednesday, May 17th. The semiconductor company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.07. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. Synopsys had a return on equity of 16.29% and a net margin of 17.41%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. Research analysts anticipate that Synopsys, Inc. will post 7.2 EPS for the current year.

Institutional Trading of Synopsys

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its stake in Synopsys by 0.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 176,442 shares of the semiconductor company’s stock worth $53,905,000 after acquiring an additional 929 shares during the last quarter. Fulton Bank N.A. increased its stake in Synopsys by 34.0% in the 4th quarter. Fulton Bank N.A. now owns 1,481 shares of the semiconductor company’s stock worth $473,000 after acquiring an additional 376 shares during the last quarter. Synovus Financial Corp bought a new stake in Synopsys in the 4th quarter worth approximately $345,000. NorthRock Partners LLC increased its stake in Synopsys by 6.9% in the 4th quarter. NorthRock Partners LLC now owns 943 shares of the semiconductor company’s stock worth $301,000 after acquiring an additional 61 shares during the last quarter. Finally, Seed Wealth Management Inc. bought a new stake in Synopsys in the 4th quarter worth approximately $345,000. Institutional investors own 84.68% of the company’s stock.

Analyst Ratings Changes

SNPS has been the topic of several research reports. Needham & Company LLC raised their target price on Synopsys from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Robert W. Baird raised their target price on Synopsys from $445.00 to $447.00 in a research report on Thursday, May 18th. Rosenblatt Securities raised their target price on Synopsys from $420.00 to $448.00 in a research report on Thursday, May 18th. Wells Fargo & Company raised their target price on Synopsys from $410.00 to $420.00 in a research report on Thursday, May 18th. Finally, StockNews.com initiated coverage on Synopsys in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $434.70.

Synopsys Company Profile

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Synopsys, Inc engages in the provision of software products and consulting services in the electronic design automation industry. It operates through the following segments: Semiconductor and System Design, and Software Integrity. The Semiconductor and System Design segment includes the EDA, IP and System Integration.