Synopsys, Inc. (NASDAQ:SNPS) saw unusually large options trading activity on Tuesday. Traders acquired 1,227 call options on the stock. This represents an increase of 1,248% compared to the average daily volume of 91 call options.

SNPS opened at $89.45 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.04. The firm has a market cap of $13.66 billion, a PE ratio of 101.65, a PEG ratio of 3.65 and a beta of 1.29. Synopsys has a twelve month low of $80.13 and a twelve month high of $103.40.

Synopsys (NASDAQ:SNPS) last posted its quarterly earnings results on Wednesday, December 5th. The semiconductor company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. Synopsys had a net margin of 1.92% and a return on equity of 5.52%. As a group, research analysts anticipate that Synopsys will post 1.57 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of SNPS. Ancora Advisors LLC acquired a new stake in Synopsys in the third quarter worth $101,000. Fort L.P. acquired a new stake in Synopsys in the second quarter worth $117,000. Piedmont Investment Advisors LLC acquired a new stake in Synopsys in the second quarter worth $149,000. Diversified Trust Co acquired a new stake in Synopsys in the third quarter worth $200,000. Finally, IFP Advisors Inc grew its holdings in Synopsys by 264.0% in the third quarter. IFP Advisors Inc now owns 2,042 shares of the semiconductor company’s stock worth $201,000 after purchasing an additional 1,481 shares during the period. Institutional investors and hedge funds own 89.63% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. BidaskClub cut shares of Synopsys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 19th. KeyCorp increased their price objective on shares of Synopsys from $112.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. Zacks Investment Research upgraded shares of Synopsys from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research report on Tuesday, October 23rd. JPMorgan Chase & Co. upgraded shares of Synopsys from an “underweight” rating to a “neutral” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 23rd. Finally, Berenberg Bank assumed coverage on shares of Synopsys in a research report on Tuesday, November 20th. They set a “buy” rating and a $119.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Synopsys presently has an average rating of “Buy” and a consensus target price of $106.86.

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Synopsys Company Profile

Synopsys, Inc provides electronic design automation (EDA) software products used to design and test integrated circuits (ICs). It offers Galaxy Design platform that offers IC design solutions; Verification Continuum Platform, which provides 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.

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