Several other equities research analysts have also recently issued reports on SNPS. Bank of America reissued an average rating on shares of Synopsys in a research report on Wednesday, June 5th. Zacks Investment Research cut shares of Synopsys from a hold rating to a sell rating and set a $143.00 price target for the company. in a research report on Wednesday, July 24th. KeyCorp upped their price target on shares of Synopsys from $135.00 to $152.00 and gave the stock an overweight rating in a research report on Friday, July 12th. Finally, Wells Fargo & Co assumed coverage on shares of Synopsys in a research report on Tuesday, May 14th. They issued an outperform rating and a $135.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $137.30.
Synopsys stock opened at $135.05 on Wednesday. The stock has a market cap of $19.76 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 3.96 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 has a 1 year low of $79.14 and a 1 year high of $142.00. The firm has a 50-day moving average of $133.42 and a two-hundred day moving average of $119.60.
In other news, Director Steven Walske sold 2,453 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $126.54, for a total value of $310,402.62. Following the completion of the sale, the director now owns 14,038 shares of the company’s stock, valued at approximately $1,776,368.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roy Vallee sold 15,596 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $128.95, for a total transaction of $2,011,104.20. Following the transaction, the director now owns 52,641 shares of the company’s stock, valued at approximately $6,788,056.95. The disclosure for this sale can be found here. Insiders sold a total of 34,925 shares of company stock valued at $4,471,565 in the last ninety days. Corporate insiders own 1.84% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Synopsys by 4.5% during the 2nd quarter. BlackRock Inc. now owns 12,891,437 shares of the semiconductor company’s stock worth $1,658,997,000 after acquiring an additional 554,602 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Synopsys by 18.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,228,559 shares of the semiconductor company’s stock worth $782,432,000 after acquiring an additional 955,527 shares in the last quarter. Invesco Ltd. raised its stake in shares of Synopsys by 33.9% during the 2nd quarter. Invesco Ltd. now owns 3,505,038 shares of the semiconductor company’s stock worth $451,061,000 after acquiring an additional 888,033 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Synopsys by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 2,244,335 shares of the semiconductor company’s stock worth $188,775,000 after acquiring an additional 109,140 shares in the last quarter. Finally, Egerton Capital UK LLP raised its stake in shares of Synopsys by 142.3% during the 1st quarter. Egerton Capital UK LLP now owns 2,199,485 shares of the semiconductor company’s stock worth $253,271,000 after acquiring an additional 1,291,643 shares in the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.
Synopsys Company Profile
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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