Synopsys Target of Unusually Large Options Trading (SNPS)
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.
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.
COPYRIGHT VIOLATION WARNING: “Synopsys Target of Unusually Large Options Trading (SNPS)” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/synopsys-target-of-unusually-large-options-trading-snps/2663485.html.
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.
See Also: Fundamental Analysis
Receive News & Ratings for Synopsys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Synopsys and related companies with MarketBeat.com's FREE daily email newsletter.