Synopsys, Inc. (NASDAQ:SNPS – Get Free Report) insider Geus Aart De sold 24,641 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $419.44, for a total value of $10,335,421.04. Following the sale, the insider owned 120,443 shares in the company, valued at approximately $50,518,611.92. This trade represents a 16.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Geus Aart De also recently made the following trade(s):
- On Monday, August 31st, Geus Aart De sold 25,000 shares of Synopsys stock. The stock was sold at an average price of $441.76, for a total value of $11,044,000.00.
- On Friday, August 28th, Geus Aart De sold 25,000 shares of Synopsys stock. The stock was sold at an average price of $445.55, for a total value of $11,138,750.00.
Synopsys Stock Up 0.3%
Shares of Synopsys stock traded up $1.15 during trading on Wednesday, reaching $415.97. 1,268,643 shares of the company traded hands, compared to its average volume of 1,994,018. The company has a 50 day moving average price of $415.20 and a 200-day moving average price of $439.99. Synopsys, Inc. has a 1-year low of $366.00 and a 1-year high of $615.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.24. The firm has a market capitalization of $79.72 billion, a PE ratio of 73.49, a P/E/G ratio of 2.41 and a beta of 1.23.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SNPS. Range Advisory LLC boosted its stake in shares of Synopsys by 17.6% in the second quarter. Range Advisory LLC now owns 660 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 99 shares during the period. Ameritas Advisory Services LLC boosted its stake in shares of Synopsys by 399.3% during the second quarter. Ameritas Advisory Services LLC now owns 3,011 shares of the semiconductor company’s stock worth $1,343,000 after buying an additional 2,408 shares during the period. Wedmont Private Capital raised its position in Synopsys by 6.1% during the 2nd quarter. Wedmont Private Capital now owns 3,194 shares of the semiconductor company’s stock worth $1,423,000 after buying an additional 185 shares during the last quarter. HB Wealth Management LLC boosted its stake in shares of Synopsys by 14.9% in the second quarter. HB Wealth Management LLC now owns 8,351 shares of the semiconductor company’s stock valued at $3,725,000 after buying an additional 1,081 shares in the last quarter. Finally, Saudi Central Bank grew its holdings in shares of Synopsys by 80.4% in the 2nd quarter. Saudi Central Bank now owns 12,739 shares of the semiconductor company’s stock worth $5,682,000 after acquiring an additional 5,677 shares during the period. 85.47% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Synopsys from $535.00 to $450.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 11th. BNP Paribas Exane boosted their price objective on shares of Synopsys from $425.00 to $450.00 and gave the stock an “underperform” rating in a report on Thursday, May 28th. UBS Group set a $570.00 price target on Synopsys in a research note on Thursday, August 27th. Rosenblatt Securities restated a “buy” rating and issued a $575.00 price target on shares of Synopsys in a research report on Tuesday, August 25th. Finally, Berenberg Bank set a $633.00 price target on Synopsys in a report on Wednesday, May 27th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Synopsys currently has an average rating of “Moderate Buy” and an average target price of $561.28.
View Our Latest Stock Report on Synopsys
About Synopsys
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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