Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Janet Lee sold 250 shares of the company’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $530.00, for a total value of $132,500.00. Following the sale, the insider owned 11,959 shares of the company’s stock, valued at approximately $6,338,270. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Janet Lee also recently made the following trade(s):
- On Wednesday, January 7th, Janet Lee sold 250 shares of Synopsys stock. The shares were sold at an average price of $510.00, for a total value of $127,500.00.
Synopsys Stock Performance
NASDAQ:SNPS traded down $21.62 during mid-day trading on Tuesday, hitting $511.80. 1,768,317 shares of the company traded hands, compared to its average volume of 1,967,859. The stock’s fifty day moving average price is $446.82 and its 200-day moving average price is $504.96. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.48. Synopsys, Inc. has a one year low of $365.74 and a one year high of $651.73. The firm has a market cap of $97.92 billion, a price-to-earnings ratio of 64.06, a price-to-earnings-growth ratio of 4.37 and a beta of 1.12.
Institutional Trading of Synopsys
A number of large investors have recently made changes to their positions in SNPS. Stanley Laman Group Ltd. raised its holdings in shares of Synopsys by 542.9% during the 3rd quarter. Stanley Laman Group Ltd. now owns 12,877 shares of the semiconductor company’s stock valued at $6,353,000 after buying an additional 10,874 shares in the last quarter. Symphony Financial Ltd. Co. grew its position in Synopsys by 4,780.9% during the second quarter. Symphony Financial Ltd. Co. now owns 40,219 shares of the semiconductor company’s stock valued at $20,638,000 after acquiring an additional 39,395 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Synopsys by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 1,347,887 shares of the semiconductor company’s stock worth $691,035,000 after acquiring an additional 4,815 shares in the last quarter. Westbourne Investments Inc. purchased a new position in shares of Synopsys during the second quarter worth approximately $1,505,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Synopsys by 1.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 178,786 shares of the semiconductor company’s stock worth $91,660,000 after acquiring an additional 2,991 shares during the last quarter. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on SNPS. Weiss Ratings reiterated a “hold (c)” rating on shares of Synopsys in a research report on Wednesday, October 8th. BNP Paribas assumed coverage on shares of Synopsys in a report on Thursday, October 2nd. They issued an “underperform” rating and a $425.00 price target on the stock. Wells Fargo & Company upped their target price on Synopsys from $445.00 to $500.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Rosenblatt Securities upgraded Synopsys from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $605.00 to $560.00 in a research note on Tuesday, December 9th. Finally, Wall Street Zen upgraded shares of Synopsys from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $553.57.
Check Out Our Latest Report on SNPS
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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