Today, the Co-CEO & President of Synopsys (NASDAQ: SNPS), Chi-Foon Chan, sold shares of SNPS for $3.45M.
In addition to Chi-Foon Chan, one other SNPS executive reported Sell trades in the last month.
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Based on Synopsys’ latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $777 million and quarterly net profit of $102 million. In comparison, last year the company earned revenue of $680 million and had a net profit of $53.31 million. SNPS’s market cap is $13.29B and the company has a P/E ratio of 146.3. Currently, Synopsys has an average volume of 844.3K.
The insider sentiment on Synopsys has been negative according to 45 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Synopsys, Inc. engages in the provision of software products and consulting services in the electronic design automation industry. It provides intellectual property products, which are pre-designed circuits that engineers use as components of larger chip designs, as well as software and hardware that are used to develop the electronic systems that incorporate chips and the software that runs on the circuits. It also offers technical services to support the customers in industries such as electronics, financial services, energy, and industrials for developing chips and electronic systems. The company was founded by Aart J. de Geus, Bill Krieger, Dave Gregory, and Rick Rudell in December 1986 and is headquartered in Mountain View, CA.
