Synopsys, Inc. (NASDAQ: SNPS) is 10.14% higher on its value in year-to-date trading and has touched a low of $360.36 and a high of $629.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNPS stock was last observed hovering at around $578.87 in the last trading session, with the day’s loss setting it -11.76%.
Currently trading at $567.11, the stock is -1.49% and 0.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing -2.03% at the moment leaves the stock 13.43% off its SMA200. SNPS registered 45.81% gain for a year compared to 6-month gain of 25.82%. The firm has a 50-day simple moving average (SMA 50) of $14.01 and a 200-day simple moving average (SMA200) of $49.30.
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The stock witnessed a 0.33% loss in the last 1 month and extending the period to 3 months gives it a 15.17%, and is -1.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 2.51% over the month.
Synopsys, Inc. (SNPS) has around 20300 employees, a market worth around $86.51B and $6.14B in sales. Current P/E ratio is 62.46 and Fwd P/E is 36.50. Profit margin for the company is 22.92%. Distance from 52-week low is 57.37% and -9.89% from its 52-week high. The company has generated returns on investments over the last 12 months (19.41%).
Synopsys, Inc. quarterly earnings per share for the current quarter are estimated at $3.08 with sales reaching $1.42B over the same period.The EPS is expected to grow by 20.02% this year, but quarterly earnings will post 12.20% year-over-year.
1,758 institutions hold shares in Synopsys, Inc. (SNPS), with institutional investors hold 94.72% of the company’s shares. The shares outstanding are 152.05M, and float is at 151.90M with Short Float at 2.09%. Institutions hold 94.31% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 13.34 million shares valued at $5.81 billion. The investor’s holdings represent 8.77% of the SNPS Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.75 million shares valued at $5.12 billion to account for 7.72% of the shares outstanding. The other top investors are State Street Corporation which holds 6.69 million shares representing 4.40% and valued at over $2.91 billion, while Capital World Investors holds 4.07% of the shares totaling 6.2 million with a market value of $2.7 billion.
Synopsys, Inc. (SNPS) Insider Activity
The most recent transaction is an insider purchase by CASPER MARC N, the company’s Director. SEC filings show that CASPER MARC N bought 750 shares of the company’s common stock on Mar 25 ’24 at a price of $585.45 per share for a total of $0.44 million. Following the purchase, the insider now owns 1736.0 shares.
Synopsys, Inc. disclosed in a document filed with the SEC on Feb 27 ’24 that VALLEE ROY (Director) sold a total of 10,000 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $572.66 per share for $5.73 million. Following the transaction, the insider now directly holds 20000.0 shares of the SNPS stock.
Still, SEC filings show that on Feb 23 ’24, Ghazi Sassine (PRESIDENT AND CEO) disposed off 10,294 shares at an average price of $577.51 for $5.94 million. The insider now directly holds 61,863 shares of Synopsys, Inc. (SNPS).
