Several brokerages have updated their recommendations and price targets on shares of Synopsys (NASDAQ: SNPS) in the last few weeks:

  • 12/12/2017 – Synopsys was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 12/12/2017 – Synopsys was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating. They now have a $87.00 price target on the stock.
  • 12/7/2017 – Synopsys had its “underweight” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 12/4/2017 – Synopsys was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Synopsys is a vendor of electronic design automation (EDA) software to the semiconductor and electronics industries. Though the company’s 4Q17 top and bottom lines both came ahead of the respective estimates and marked year-over-year improvement as well, its escalating costs and expenses, which are thwarting margins, make us increasingly cautious about its near-term profitability. Moreover, its non-GAAP earnings projection for FY18 was also disappointing as it fell short of the Zacks Consensus Estimate. Furthermore, competition from peers, a challenging technology-spending environment and uncertainty surrounding the exact time of realizing acquisition synergies keep us cautious. Nonetheless, we believe the company’s continued focus on rolling out products, acquisitions and deal wins will boost results over the long run. Shares of Synopsys have outperformed the industry in the YTD period.”
  • 12/1/2017 – Synopsys had its price target raised by analysts at Needham & Company LLC from $83.00 to $100.00. They now have a “buy” rating on the stock.
  • 11/30/2017 – Synopsys had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $120.00 price target on the stock.
  • 11/30/2017 – Synopsys had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $106.00 price target on the stock, up previously from $86.00.
  • 11/30/2017 – Synopsys had its price target raised by analysts at Needham & Company LLC from $83.00 to $100.00. They now have a “buy” rating on the stock.
  • 11/29/2017 – Synopsys was downgraded by analysts at TheStreet from an “a” rating to a “c+” rating.
  • 11/28/2017 – Synopsys had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $105.00 price target on the stock, up previously from $91.00.
  • 11/22/2017 – Synopsys had its price target raised by analysts at Royal Bank of Canada from $100.00 to $110.00. They now have a “top pick” rating on the stock.
  • 10/25/2017 – Synopsys was upgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “top pick” rating. They now have a $100.00 price target on the stock, up previously from $90.00.

Shares of Synopsys, Inc. (NASDAQ:SNPS) opened at $87.10 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $13,074.91, a PE ratio of 72.07, a PEG ratio of 4.30 and a beta of 1.01. Synopsys, Inc. has a 52 week low of $58.74 and a 52 week high of $94.80.

Synopsys (NASDAQ:SNPS) last announced its earnings results on Wednesday, November 29th. The semiconductor company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.12. The company had revenue of $696.60 million during the quarter, compared to the consensus estimate of $650.72 million. Synopsys had a return on equity of 5.78% and a net margin of 5.01%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. sell-side analysts predict that Synopsys, Inc. will post 2.24 EPS for the current fiscal year.

In related news, EVP Joseph W. Logan sold 5,000 shares of Synopsys stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $90.33, for a total value of $451,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel John F. Runkel, Jr. sold 10,000 shares of Synopsys stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $88.00, for a total value of $880,000.00. Following the completion of the transaction, the general counsel now owns 18,742 shares of the company’s stock, valued at $1,649,296. The disclosure for this sale can be found here. Insiders sold 39,824 shares of company stock valued at $3,560,349 over the last quarter. Insiders own 1.82% of the company’s stock.

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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