(BofA) – Synopsys (NASDAQ:SNPS) price Target Elevated to $285.00 by Analysts at DA Davidson
Synopsys (NASDAQ:SNPS) had its price goal upped by analysis analysts at DA Davidson from $260.00 to $285.00 in a report launched on Thursday, The Fly reviews. The brokerage at present has a “purchase” ranking on the semiconductor firm’s stock. DA Davidson’s price goal would recommend a possible upside of 21.71% from the stock’s earlier shut.
A number of different analysts additionally just lately weighed in on the stock. Bank of America reiterated a “purchase” ranking and issued a $270.00 price goal on shares of Synopsys in a analysis report on Wednesday. UBS Group lifted their price goal on shares of Synopsys from $223.00 to $265.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, October 14th. KeyCorp lifted their price goal on shares of Synopsys from $225.00 to $265.00 and gave the corporate an “chubby” ranking in a analysis report on Thursday. Robert W. Baird raised their goal price on shares of Synopsys from $222.00 to $228.00 and gave the corporate an “outperform” ranking in a analysis word on Thursday, August 20th. Lastly, BidaskClub raised shares of Synopsys from a “maintain” ranking to a “purchase” ranking in a analysis word on Wednesday, October 14th. One equities analysis analyst has rated the stock with a maintain ranking and fourteen have assigned a purchase ranking to the corporate. Synopsys presently has a consensus ranking of “Purchase” and a median price goal of $227.64.
Shares of Synopsys stock traded up $9.45 throughout buying and selling hours on Thursday, reaching $234.17. The corporate’s stock had a buying and selling quantity of 18,930 shares, in comparison with its common quantity of 1,011,874. The stock has a market cap of $34.10 billion, a P/E ratio of 57.55, a price-to-earnings-growth ratio of three.48 and a beta of 1.15. The corporate’s 50 day easy transferring common is $224.47 and its 200 day easy transferring common is $204.12. Synopsys has a one yr low of $104.90 and a one yr excessive of $246.69. The corporate has a debt-to-equity ratio of 0.02, a fast ratio of 0.99 and a present ratio of 1.06.
Synopsys (NASDAQ:SNPS) final issued its quarterly earnings knowledge on Tuesday, December 1st. The semiconductor firm reported $1.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.01. The agency had income of $1.03 billion for the quarter, in comparison with the consensus estimate of $1.02 billion. Synopsys had a internet margin of 17.88% and a return on fairness of 14.66%. Synopsys’s quarterly income was up 20.4% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the agency posted $1.15 EPS. On common, sell-side analysts predict that Synopsys will submit 4.16 earnings per share for the present fiscal yr.
In different Synopsys information, CFO Trac Pham offered 10,036 shares of the agency’s stock in a transaction dated Wednesday, October 14th. The shares had been offered at a median price of $228.92, for a complete value of $2,297,441.12. Following the completion of the transaction, the chief monetary officer now straight owns 10,614 shares within the firm, valued at $2,429,756.88. The sale was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. Additionally, insider John F. Runkel, Jr. offered 9,705 shares of the agency’s stock in a transaction dated Tuesday, October sixth. The stock was offered at a median price of $216.00, for a complete transaction of $2,096,280.00. Following the completion of the transaction, the insider now owns 23,932 shares of the corporate’s stock, valued at $5,169,312. The disclosure for this sale could be discovered right here. Insiders personal 1.84% of the corporate’s stock.
A number of institutional traders and hedge funds have just lately made modifications to their positions within the enterprise. Kestra Advisory Companies LLC acquired a brand new stake in shares of Synopsys through the third quarter worth roughly $640,000. First Horizon Advisors Inc. boosted its holdings in shares of Synopsys by 85.3% through the third quarter. First Horizon Advisors Inc. now owns 126 shares of the semiconductor firm’s stock worth $26,00Zero after buying an extra 58 shares through the interval. Northwest Funding Counselors LLC acquired a brand new stake in shares of Synopsys through the third quarter worth roughly $31,000. Blue Sq. Asset Administration LLC acquired a brand new stake in shares of Synopsys through the second quarter worth roughly $35,000. Lastly, Newfound Analysis LLC acquired a brand new stake in shares of Synopsys through the third quarter worth roughly $39,000. Institutional traders personal 88.30% of the corporate’s stock.
Synopsys Firm Profile
Synopsys, Inc supplies digital design automation software program merchandise used to design and take a look at built-in circuits. It affords Fusion Design Platform, a digital design implementation answer; Verification Continuum Platform that gives digital prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug options; and FPGA design merchandise which can be programmed to carry out particular capabilities.
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