Synopsys (SNPS) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media stories about Synopsys (NASDAQ:SNPS) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Synopsys earned a news impact score of 0.13 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 45.5870890813464 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Synopsys, Inc. (SNPS) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- Notable Stocks in the Spotlight: Synopsys, Inc., (NASDAQ: SNPS), Beacon Roofing Supply, Inc., (NASDAQ: BECN … – Stocks In The News (press release) (tradingnewsnow.com)
- Synopsys Announces New Release of LucidShape CAA V5 Based Software for Automotive Optical Simulation and … – Markets Insider (markets.businessinsider.com)
- Synopsys Announces New Release of LucidShape CAA V5 Based Software for Automotive Optical Simulation and Analysis (finance.yahoo.com)
- Analyzing Synopsys (SNPS) & MINDBODY (MB) (americanbankingnews.com)
Synopsys (SNPS) traded up $0.54 on Tuesday, reaching $88.90. The company had a trading volume of 721,400 shares, compared to its average volume of 1,048,864. Synopsys has a 1 year low of $56.03 and a 1 year high of $89.40. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13,360.00, a price-to-earnings ratio of 35.49, a price-to-earnings-growth ratio of 4.02 and a beta of 1.00.
A number of research firms have recently weighed in on SNPS. Royal Bank Of Canada increased their price target on Synopsys from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, August 17th. Needham & Company LLC reiterated a “buy” rating and set a $83.00 price target (up from $77.00) on shares of Synopsys in a report on Thursday, August 17th. BidaskClub upgraded Synopsys from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Zacks Investment Research raised Synopsys from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Monday, August 21st. Finally, Credit Suisse Group reissued a “positive” rating and set a $90.00 target price (up previously from $82.00) on shares of Synopsys in a research note on Tuesday, August 15th. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $85.25.
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.
Receive News & Ratings for Synopsys Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.