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Geus Aart De, Chairman of the Board & co-CEO of Synopsys Inc, sold $2,807,597 worth of shares

June 08, 2012 | About:

Synopsys, Inc. is one of the suppliers of electronic design automation software to the global electronics industry. Synopsys Inc has a market cap of $4.18 billion; its shares were traded at around $29.25 with a P/E ratio of 16.3 and P/S ratio of 2.7. Synopsys Inc had an annual average earnings growth of 12.3% over the past 10 years.

On June 7, 2012, Chairman of the Board & co-CEO of Synopsys Inc (NASDAQ:SNPS) Geus Aart De sold 95,302 shares at an average price of $29.46. The total transaction amount is $2,807,597.

Geus Aart De co-founded Synopsys Inc in 1986, and has received many honors including the Top 10 Most Influential Executives” in 2005, the IEEE Robert N. Noyce Medal and the Silicon Valley Leadership Group (SVLG) "Spirit of the Valley" Lifetime Achievement Award in 2007,” and the GSA “Morris Chang Exemplary Leadership Award” in 2009. In 2002, he was also Electronic Business Magazine’s “CEO of the Year”.

In February, Gues Aart De has also sold 66,000 shares. CFO Brian M. Beattie has sold 130,333 shares of SNPS stock in February, March and May. Other director or officers, such as VP, controller Esfandiar Naddaf and President and COO Chi-foon Chan, have also sold many shares of SNPS stock.

Two Gurufocus gurus, David Dreman and Dodge & Cox, has kept their position in Synopsys Inc. unchanged or slightly adjusted. As of March 31, Dodge & Cox owns 22,668,461 shares and David Dreman owns 247,166 shares as of the first quarter of 2012. No gurus have increased or reduced their amount of shares.

On May 23, 2012, Synopsys Inc. announced their financial results for their 2012 second quarter fiscal year. The Company has reported that revenue was $432.6 million, a 10% increase compared to the $393.7 million for the 2011 second quarter fiscal. Net income for this quarter was $21.0 million, or $0.14 per share.

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