Media stories about Synopsys (NASDAQ:SNPS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Synopsys earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 45.596661480842 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Several analysts have recently weighed in on SNPS shares. JPMorgan Chase & Co. cut shares of Synopsys from a “neutral” rating to an “underweight” rating and set a $87.00 price target for the company. in a research note on Tuesday, December 12th. Royal Bank of Canada raised shares of Synopsys from an “outperform” rating to a “top pick” rating and increased their price objective for the stock from $90.00 to $100.00 in a research report on Wednesday, October 25th. BidaskClub cut shares of Synopsys from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of Synopsys from a “hold” rating to a “strong sell” rating in a research report on Monday, December 4th. Finally, Needham & Company LLC increased their target price on shares of Synopsys from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $96.89.
Shares of Synopsys (SNPS) traded up $0.35 during midday trading on Tuesday, hitting $92.96. 743,100 shares of the company traded hands, compared to its average volume of 852,964. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.04. Synopsys has a 12-month low of $60.41 and a 12-month high of $94.80. The firm has a market capitalization of $13,772.38, a PE ratio of 109.36, a price-to-earnings-growth ratio of 4.13 and a beta of 1.01.
Synopsys (NASDAQ:SNPS) last announced its quarterly earnings data on Wednesday, November 29th. The semiconductor company reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.12. The firm had revenue of $696.60 million during the quarter, compared to analysts’ expectations of $650.72 million. Synopsys had a net margin of 5.01% and a return on equity of 5.78%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. research analysts forecast that Synopsys will post 2.24 earnings per share for the current fiscal year.
In other news, Director Steven Walske sold 4,545 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $90.12, for a total value of $409,595.40. Following the completion of the transaction, the director now owns 14,988 shares of the company’s stock, valued at $1,350,718.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Chrysostomos L. Nikias sold 21,073 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $85.88, for a total transaction of $1,809,749.24. Following the completion of the transaction, the director now directly owns 32,466 shares of the company’s stock, valued at approximately $2,788,180.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,442 shares of company stock valued at $5,779,693. 1.82% of the stock is currently owned by company insiders.
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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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