2 weeks Ago By Defense World Staff
Shares of Synopsys, Inc. ( NASDAQ:SNPS – Get Free Report ) have earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports.
Nine research analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $638.00.
SNPS has been the subject of a number of research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $635.00 target price on shares of Synopsys in a report on Friday, August 23rd.
JPMorgan Chase & Co. lifted their price objective on shares of Synopsys from $655.00 to $685.
00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. KeyCorp lifted their price objective on shares of Synopsys from $675.00 to $690.
00 and gave the stock an “overweight” rating in a research note on Thursday, June 27th. Robert W. Baird lifted their price target on shares of Synopsys from $661.
00 to $663.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $687.
00 price objective on shares of Synopsys in a research report on Thursday, August 22nd. Read Our Latest Analysis on SNPS Insider Activity Hedge Funds Weigh In On Synopsys A number of large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC raised its position in shares of Synopsys by 600.
0% in the second quarter. ORG Partners LLC now owns 42 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 36 shares during the last quarter. University of Texas Texas AM Investment Managment Co.
acquired a new stake in Synopsys during the fourth quarter worth about $28,000. Chris Bulman Inc acquired a new stake in Synopsys during the second quarter worth about $30,000. Jones Financial Companies Lllp increased its position in Synopsys by 233.
3% during the fourth quarter. Jones Financial Companies Lllp now owns 60 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 42 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in Synopsys by 66.
7% during the second quarter. Fortitude Family Office LLC now owns 60 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 24 shares during the last quarter. 85.
47% of the stock is currently owned by institutional investors and hedge funds. Synopsys Trading Down 0.4 % Synopsys stock opened at $513.
31 on Monday. The firm has a 50 day simple moving average of $518.53 and a 200 day simple moving average of $554.
36. Synopsys has a 1-year low of $445.07 and a 1-year high of $629.
38. The firm has a market capitalization of $78.85 billion, a price-to-earnings ratio of 55.
79, a P/E/G ratio of 3.34 and a beta of 1.08.
Synopsys ( NASDAQ:SNPS – Get Free Report ) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.
28 by $0.15. Synopsys had a net margin of 24.
06% and a return on equity of 22.09%. The company had revenue of $1.
53 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the firm posted $2.
17 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year.
On average, equities research analysts forecast that Synopsys will post 9.45 EPS for the current year. Synopsys Company Profile ( Get Free Report Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits.
It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers 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. See Also Five stocks we like better than Synopsys Stock Market Sectors: What Are They and How Many Are There? Simon Property REIT: A Safe Bet for Growth and Steady Dividends How is Compound Interest Calculated? CarMax’s Impressive Rally: What Investors Should Watch Next How to Most Effectively Use the MarketBeat Earnings Screener MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.
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