Marc N. Casper Purchases 750 Shares of Synopsys, Inc. (NASDAQ:SNPS) Stock

Synopsys, Inc. (NASDAQ:SNPS) Director Marc N. Casper bought 750 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average price of $585.45 per share, for a total transaction of $439,087.50. Following the completion of the purchase, the director now directly owns 1,736 shares of the company’s stock, valued at approximately $1,016,341.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Synopsys Price Performance

NASDAQ SNPS opened at $571.50 on Friday. The firm has a market capitalization of $87.18 billion, a P/E ratio of 62.94, a P/E/G ratio of 3.32 and a beta of 1.07. Synopsys, Inc. has a 1-year low of $360.36 and a 1-year high of $629.38. The business’s 50-day simple moving average is $561.42 and its 200-day simple moving average is $522.15.

Synopsys (NASDAQ:SNPS) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.43 by $0.13. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.65 billion. Synopsys had a return on equity of 22.88% and a net margin of 22.96%. The company’s revenue was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. On average, equities research analysts expect that Synopsys, Inc. will post 10.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Synopsys

Hedge funds and other 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 4th quarter worth approximately $28,000. Venturi Wealth Management LLC bought a new stake in shares of Synopsys in the 3rd quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in Synopsys during the 3rd quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its position in Synopsys by 233.3% during the 4th quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 42 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Synopsys during the 3rd quarter worth $29,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on SNPS. Rosenblatt Securities restated a “buy” rating and set a $615.00 target price on shares of Synopsys in a research note on Thursday, March 21st. Needham & Company LLC reissued a “buy” rating and issued a $660.00 price objective on shares of Synopsys in a report on Friday, March 22nd. Robert W. Baird increased their price objective on Synopsys from $624.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on Synopsys from $620.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, StockNews.com raised Synopsys from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Synopsys currently has an average rating of “Buy” and an average target price of $594.60.

Synopsys Company Profile

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.