Synopsys Inc. (NASDAQ:SNPS) has been given an average recommendation of “Buy” by the ten research firms that are covering the stock. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $63.56.

A number of research analysts have commented on the company. Benchmark Co. restated a “hold” rating and set a $60.00 price objective on shares of Synopsys in a research note on Wednesday. RBC Capital Markets reiterated an “outperform” rating and issued a $66.00 price target on shares of Synopsys in a research note on Saturday, October 15th. Needham & Company LLC boosted their price target on Synopsys from $54.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. DA Davidson boosted their price target on Synopsys from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Finally, Zacks Investment Research cut Synopsys from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 25th.

Shares of Synopsys (NASDAQ:SNPS) opened at 59.63 on Tuesday. The firm’s 50-day moving average price is $59.15 and its 200-day moving average price is $55.25. The firm has a market capitalization of $9.02 billion, a PE ratio of 38.03 and a beta of 0.88. Synopsys has a 52-week low of $39.26 and a 52-week high of $61.36.

Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.02. The company had revenue of $615.20 million for the quarter, compared to analysts’ expectations of $602.89 million. Synopsys had a return on equity of 12.15% and a net margin of 10.27%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts predict that Synopsys will post $3.02 earnings per share for the current fiscal year.

In other news, Chairman Geus Aart De sold 306,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $58.39, for a total transaction of $17,867,340.00. Following the completion of the transaction, the chairman now directly owns 159,791 shares of the company’s stock, valued at $9,330,196.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Chi-Foon Chan sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $58.23, for a total value of $116,460.00. Following the transaction, the chief executive officer now directly owns 193,935 shares of the company’s stock, valued at $11,292,835.05. The disclosure for this sale can be found here. 1.62% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in Synopsys by 65.0% in the second quarter. BNP Paribas Arbitrage SA now owns 66,213 shares of the company’s stock valued at $3,581,000 after buying an additional 26,078 shares during the period. Arizona State Retirement System raised its position in Synopsys by 1.4% in the first quarter. Arizona State Retirement System now owns 168,691 shares of the company’s stock valued at $8,171,000 after buying an additional 2,400 shares during the period. Babson Capital Management LLC raised its position in Synopsys by 154.2% in the first quarter. Babson Capital Management LLC now owns 30,000 shares of the company’s stock valued at $1,453,000 after buying an additional 18,200 shares during the period. Panagora Asset Management Inc. raised its position in Synopsys by 17.5% in the first quarter. Panagora Asset Management Inc. now owns 605,416 shares of the company’s stock valued at $29,326,000 after buying an additional 90,269 shares during the period. Finally, Barclays PLC raised its position in Synopsys by 694.2% in the first quarter. Barclays PLC now owns 131,337 shares of the company’s stock valued at $6,304,000 after buying an additional 114,799 shares during the period. 91.83% of the stock is owned by institutional investors.

Synopsys Company Profile

Synopsys, Inc provides software, intellectual property (IP) and services. The Company supplies the electronic design automation (EDA) software that engineers use to design and test integrated circuits, also known as chips. It also offers IP products, which are pre-designed circuits that engineers use as components of larger chip designs rather than designing those circuits themselves.

5 Day Chart for NASDAQ:SNPS

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