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SUNNYVALE, Calif.—Ghazi Sassine, the President and CEO of Synopsys Inc . (NASDAQ:SNPS), recently executed a significant stock transaction, according to a recent SEC filing. On March 3, Sassine sold 11,366 shares of Synopsys common stock, generating approximately $5.27 million. The shares were sold at an average price of $463.75 each, with transaction prices ranging from $461.79 to $466.20. The transaction comes as Synopsys, currently valued at $67.7 billion, maintains strong financial health with impressive gross profit margins of 81% and a healthy current ratio of 2.68.
Earlier on the same day, Sassine exercised options to acquire 11,366 shares at a price of $89.76 per share, reflecting a total value of about $1.02 million. This transaction was conducted under a Rule 10b5-1 trading plan adopted on September 30, 2024.
Additionally, Sassine acquired 25 shares on February 28 under the Synopsys Employee Stock Purchase Plan, at a price of $388.69 per share.
Following these transactions, Sassine holds 70,922 shares of Synopsys common stock.
In other recent news, Synopsys Inc. has reported its first-quarter earnings for fiscal year 2025, surpassing Wall Street expectations with an earnings per share (EPS) of $3.03, above the forecast of $2.79, and generating revenue of $1.46 billion, slightly exceeding the anticipated $1.45 billion. The company’s management has maintained its fiscal 2025 outlook, which was viewed favorably by Stifel analysts, who reiterated their Buy rating and $620 price target for Synopsys. Synopsys also announced progress on its proposed acquisition of Ansys (NASDAQ:ANSS) Inc., with additional documentation filed with the Securities and Exchange Commission, highlighting audited financial statements and unaudited pro forma financial data to illustrate the merger’s potential impact.
The merger, pending regulatory approval, aims to make Ansys a wholly owned subsidiary of Synopsys, potentially enhancing Synopsys’ market position. Despite a 28% decline in China-based revenue, excluding SIG, Synopsys anticipates stabilization in this region. The company has also been focusing on AI-driven growth, with expectations to share more details at the upcoming SNUG conference in mid-March. Additionally, Synopsys’ Design Automation Segment saw a 4% year-over-year revenue increase, while its Design IP Segment experienced a 17% decline. These developments reflect Synopsys’ ongoing strategic initiatives and market challenges.
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