Synopsys, Inc. (NASDAQ: SNPS) is 9.14% 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 $561.23 in the last trading session, with the day’s gains setting it 0.74%.
Currently trading at $561.97, the stock is -2.18% and -1.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.91 million and changing 0.13% at the moment leaves the stock 11.62% off its SMA200. SNPS registered 48.12% gain for a year compared to 6-month gain of 14.66%. The firm has a 50-day simple moving average (SMA 50) of $13.87 and a 200-day simple moving average (SMA200) of $48.79.
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The stock witnessed a -2.56% loss in the last 1 month and extending the period to 3 months gives it a 11.24%, and is -0.91% 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 1.85% over the week and 2.38% over the month.
Synopsys, Inc. (SNPS) has around 20300 employees, a market worth around $85.72B and $6.14B in sales. Current P/E ratio is 61.89 and Fwd P/E is 36.17. Profit margin for the company is 22.92%. Distance from 52-week low is 55.94% and -10.71% 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 $2.82 with sales reaching $1.4B over the same period.The EPS is expected to grow by 20.02% this year, but quarterly earnings will post 10.80% year-over-year.
1,766 institutions hold shares in Synopsys, Inc. (SNPS), with institutional investors hold 94.77% of the company’s shares. The shares outstanding are 152.05M, and float is at 151.90M with Short Float at 2.26%. Institutions hold 94.36% 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 sale by RUNKEL JOHN F JR, the company’s GC & Corporate Secretary. SEC filings show that RUNKEL JOHN F JR sold 5,319 shares of the company’s common stock on Apr 03 ’24 at a price of $579.37 per share for a total of $3.08 million. Following the sale, the insider now owns 20000.0 shares.
Synopsys, Inc. disclosed in a document filed with the SEC on Mar 25 ’24 that CASPER MARC N (Director) bought a total of 750 shares of the company’s common stock. The trade occurred on Mar 25 ’24 and was made at $585.45 per share for $0.44 million. Following the transaction, the insider now directly holds 1736.0 shares of the SNPS stock.
Still, SEC filings show that on Feb 27 ’24, VALLEE ROY (Director) disposed off 10,000 shares at an average price of $572.66 for $5.73 million. The insider now directly holds 20,000 shares of Synopsys, Inc. (SNPS).
