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SUNNYVALE, CA—Aart de Geus, Executive Chair of Synopsys Inc . (NASDAQ:SNPS), a $67.8 billion market cap company currently trading near its 52-week low, recently sold a significant portion of his holdings in the company. According to a recent SEC filing, de Geus sold 15,705 shares of Synopsys common stock on March 6, 2025, at an average price of $444.42 per share, totaling approximately $6.98 million. The sale was executed under a pre-arranged trading plan. InvestingPro analysis shows the company maintains impressive gross profit margins of 81.35% and holds more cash than debt on its balance sheet.
In addition to the sale, de Geus exercised options to acquire 15,705 shares of Synopsys stock at $89.76 per share, bringing the total value of this transaction to $1.41 million. Following these transactions, de Geus holds 116,671 shares directly, with additional shares held indirectly through a family trust and partnership.
These transactions were part of a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan for buying or selling stock, thereby helping to avoid any potential insider trading violations.
In other recent news, Synopsys Inc. reported strong financial results for the first quarter of fiscal year 2025, with earnings per share of $3.03, surpassing the forecast of $2.79, and revenue of $1.46 billion, slightly above the anticipated $1.45 billion. The company also received approval from the UK Competition and Markets Authority for its $35 billion acquisition of Ansys (NASDAQ:ANSS), after addressing regulatory concerns. Synopsys has been actively filing additional documentation with the SEC to progress the merger, which is expected to close in the first half of 2025. Analysts at Stifel maintained a Buy rating and a $620 price target for Synopsys, citing the company’s favorable fiscal 2025 outlook despite challenges in the China market. The merger with Ansys is expected to enhance Synopsys’ market position by integrating Ansys’ engineering simulation software with its offerings. Additionally, Synopsys plans to unveil its AI strategy at the upcoming SNUG conference, which may further bolster investor confidence. These developments reflect Synopsys’ strategic efforts to expand its product offerings and maintain robust growth.
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