Synopsys, Inc. (NASDAQ:SNPS) has been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $125.89.
A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $120.00 price target on shares of Synopsys in a research report on Wednesday, April 3rd. DA Davidson increased their price target on Synopsys to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. KeyCorp dropped their price target on Lear from $185.00 to $170.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. They noted that the move was a valuation call. Zacks Investment Research raised Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Finally, BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.
In related news, Director Chrysostomos L. Nikias sold 1,050 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $117.36, for a total transaction of $123,228.00. Following the sale, the director now owns 22,881 shares of the company’s stock, valued at $2,685,314.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Sudhindra Kankanwadi sold 3,133 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $121.88, for a total value of $381,850.04. Following the sale, the vice president now directly owns 8,416 shares in the company, valued at approximately $1,025,742.08. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 207,180 shares of company stock worth $24,653,559. 1.84% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in SNPS. Dimensional Fund Advisors LP raised its stake in Synopsys by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 581,174 shares of the semiconductor company’s stock valued at $48,957,000 after buying an additional 17,609 shares during the last quarter. Stifel Financial Corp raised its stake in Synopsys by 0.4% in the fourth quarter. Stifel Financial Corp now owns 63,906 shares of the semiconductor company’s stock valued at $5,384,000 after buying an additional 285 shares during the last quarter. Geode Capital Management LLC raised its stake in Synopsys by 5.1% in the fourth quarter. Geode Capital Management LLC now owns 2,244,335 shares of the semiconductor company’s stock valued at $188,775,000 after buying an additional 109,140 shares during the last quarter. Two Sigma Investments LP raised its stake in Synopsys by 45.3% in the fourth quarter. Two Sigma Investments LP now owns 182,064 shares of the semiconductor company’s stock valued at $15,337,000 after buying an additional 56,801 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Synopsys by 83.1% in the fourth quarter. Two Sigma Advisers LP now owns 88,927 shares of the semiconductor company’s stock valued at $7,491,000 after buying an additional 40,365 shares during the last quarter. Institutional investors own 91.72% of the company’s stock.
NASDAQ:SNPS traded down $0.45 during midday trading on Friday, hitting $135.59. 24,082 shares of the company traded hands, compared to its average volume of 1,243,392. The firm has a fifty day moving average price of $128.29. Synopsys has a 12-month low of $79.14 and a 12-month high of $137.88. The stock has a market cap of $20.39 billion, a price-to-earnings ratio of 48.09, a P/E/G ratio of 4.07 and a beta of 1.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.85.
Synopsys (NASDAQ:SNPS) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Synopsys had a return on equity of 16.88% and a net margin of 18.74%. The company had revenue of $836.20 million for the quarter, compared to analyst estimates of $829.41 million. During the same quarter in the prior year, the firm posted $1.08 EPS. Synopsys’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, analysts anticipate that Synopsys will post 3.03 earnings per share for the current fiscal year.
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides 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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