Synopsys, Inc. (NASDAQ:SNPS) CRO Sells $10,544,236.38 in Stock

Synopsys, Inc. (NASDAQ:SNPSGet Free Report) CRO Richard S. Mahoney sold 20,838 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Synopsys Stock Performance

Synopsys stock opened at $526.70 on Friday. The company has a market capitalization of $81.42 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 3.22 and a beta of 1.12. Synopsys, Inc. has a fifty-two week low of $457.52 and a fifty-two week high of $629.38. The firm has a 50 day moving average price of $519.43 and a 200 day moving average price of $526.11.

Analyst Ratings Changes

A number of research firms have recently issued reports on SNPS. Berenberg Bank assumed coverage on Synopsys in a research report on Tuesday, October 15th. They issued a “buy” rating and a $660.00 price target for the company. Wells Fargo & Company reduced their price target on Synopsys from $570.00 to $540.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $640.00 price objective on shares of Synopsys in a report on Thursday, December 5th. Redburn Atlantic assumed coverage on shares of Synopsys in a research report on Monday, January 13th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Loop Capital began coverage on shares of Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Synopsys presently has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Read Our Latest Stock Report on Synopsys

Institutional Investors Weigh In On Synopsys

Institutional investors and hedge funds have recently modified their holdings of the company. Pacifica Partners Inc. acquired a new position in Synopsys in the 3rd quarter valued at about $25,000. Kieckhefer Group LLC acquired a new position in shares of Synopsys in the fourth quarter valued at approximately $27,000. Tsfg LLC increased its stake in Synopsys by 75.0% during the 3rd quarter. Tsfg LLC now owns 56 shares of the semiconductor company’s stock worth $28,000 after buying an additional 24 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company’s stock worth $35,000 after buying an additional 20 shares in the last quarter. Finally, Princeton Global Asset Management LLC purchased a new position in Synopsys in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Synopsys Company Profile

(Get Free Report)

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.

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