News headlines about Synopsys (NASDAQ:SNPS) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Synopsys earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 47.6799089482479 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of research firms have recently issued reports on SNPS. BidaskClub cut shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet upgraded shares of Synopsys from a “c+” rating to a “b” rating in a research note on Wednesday, May 23rd. Credit Suisse Group lifted their target price on shares of Synopsys from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Thursday, May 24th. KeyCorp lifted their target price on shares of Synopsys from $110.00 to $112.00 and gave the company an “overweight” rating in a research note on Thursday, May 24th. Finally, Zacks Investment Research cut shares of Synopsys from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $102.71.

NASDAQ:SNPS opened at $92.87 on Tuesday. Synopsys has a 1 year low of $76.61 and a 1 year high of $94.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $13.94 billion, a PE ratio of 105.53, a PEG ratio of 5.66 and a beta of 1.12.

Synopsys (NASDAQ:SNPS) last posted its earnings results on Wednesday, May 23rd. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. Synopsys had a net margin of 3.25% and a return on equity of 6.55%. The company had revenue of $776.80 million during the quarter, compared to analysts’ expectations of $775.60 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Synopsys’s quarterly revenue was up 14.2% compared to the same quarter last year. sell-side analysts anticipate that Synopsys will post 1.65 EPS for the current year.

In related news, CEO Chi-Foon Chan sold 42,831 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $88.08, for a total value of $3,772,554.48. Following the completion of the transaction, the chief executive officer now owns 248,575 shares in the company, valued at approximately $21,894,486. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel John F. Runkel, Jr. sold 9,802 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $90.00, for a total transaction of $882,180.00. Following the completion of the transaction, the general counsel now owns 22,373 shares of the company’s stock, valued at approximately $2,013,570. The disclosure for this sale can be found here. Insiders sold a total of 72,633 shares of company stock valued at $6,421,334 in the last 90 days. 1.84% of the stock is currently owned by corporate insiders.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; 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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