Synopsys, Inc. (NASDAQ:SNPS) saw some unusual options trading activity on Monday. Stock traders bought 3,234 call options on the stock. This is an increase of approximately 1,370% compared to the typical daily volume of 220 call options.

Several equities analysts recently commented on SNPS shares. Royal Bank of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and increased their target price for the company from $90.00 to $100.00 in a report on Wednesday, October 25th. DA Davidson reaffirmed a “buy” rating and set a $105.00 target price (up previously from $91.00) on shares of Synopsys in a report on Tuesday, November 28th. Needham & Company LLC increased their target price on shares of Synopsys from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, November 30th. KeyCorp reaffirmed an “overweight” rating and set a $106.00 target price (up previously from $86.00) on shares of Synopsys in a report on Thursday, November 30th. Finally, TheStreet lowered shares of Synopsys from an “a” rating to a “c+” rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Synopsys currently has an average rating of “Hold” and a consensus price target of $96.89.

In related news, EVP Joseph W. Logan sold 5,000 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $90.33, for a total transaction of $451,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Chi-Foon Chan sold 3,750 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $89.78, for a total transaction of $336,675.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,442 shares of company stock worth $5,779,693. 1.82% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in SNPS. Swiss National Bank boosted its stake in shares of Synopsys by 0.9% during the 3rd quarter. Swiss National Bank now owns 778,236 shares of the semiconductor company’s stock valued at $62,671,000 after purchasing an additional 7,200 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Synopsys by 17.8% during the 3rd quarter. Sei Investments Co. now owns 210,933 shares of the semiconductor company’s stock valued at $16,986,000 after purchasing an additional 31,801 shares in the last quarter. ING Groep NV boosted its stake in shares of Synopsys by 68.5% during the 3rd quarter. ING Groep NV now owns 12,984 shares of the semiconductor company’s stock valued at $1,046,000 after purchasing an additional 5,277 shares in the last quarter. Oribel Capital Management LP boosted its stake in shares of Synopsys by 340.6% during the 3rd quarter. Oribel Capital Management LP now owns 174,900 shares of the semiconductor company’s stock valued at $14,084,000 after purchasing an additional 135,200 shares in the last quarter. Finally, Nine Chapters Capital Management LLC purchased a new position in Synopsys during the 3rd quarter valued at about $701,000. 89.77% of the stock is currently owned by institutional investors and hedge funds.

Shares of Synopsys (SNPS) traded up $1.12 during trading on Wednesday, reaching $86.62. 1,289,392 shares of the company’s stock were exchanged, compared to its average volume of 990,858. The company has a market cap of $12,689.74, a price-to-earnings ratio of 100.59, a PEG ratio of 3.80 and a beta of 1.04. Synopsys has a 1-year low of $65.56 and a 1-year high of $94.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04.

Synopsys (NASDAQ:SNPS) last announced its quarterly earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.12. The business had revenue of $696.60 million for the quarter, compared to analyst estimates of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. sell-side analysts expect that Synopsys will post 2.24 earnings per share for the current year.

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About Synopsys

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.

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