Synopsys, Inc. (NASDAQ: SNPS) is 6.44% higher on its value in year-to-date trading and has touched a low of $433.82 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 $564.68 in the last trading session, with the day’s loss setting it -16.62%.
Currently trading at $548.06, the stock is 3.04% and -4.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -2.94% at the moment leaves the stock -1.11% off its SMA200. SNPS registered 25.59% gain for a year compared to 6-month loss of -5.65%.
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The stock witnessed a -0.95% gain in the last 1 month and extending the period to 3 months gives it a -4.37%, and is -0.04% 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 3.19% over the week and 3.62% over the month.
Synopsys, Inc. (SNPS) has around 20300 employees, a market worth around $83.97B and $6.23B in sales. Current P/E ratio is 56.90 and Fwd P/E is 36.68. Profit margin for the company is 24.04%. Distance from 52-week low is 26.33% and -12.92% from its 52-week high. The company has generated returns on investments over the last 12 months (18.07%).
with sales reaching $1.61B over the same period.The EPS is expected to grow by 17.37% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to grow 8.40% in year-over-year returns.
1884.0 institutions hold shares in Synopsys, Inc. (SNPS), with institutional investors hold 95.24% of the company’s shares. The shares outstanding are 153.22M, and float is at 152.43M with Short Float at 2.12%. Institutions hold 94.83% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 14.14 million shares valued at $8.41 billion. The investor’s holdings represent 9.2404 of the SNPS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.83 million shares valued at $7.64 billion to account for 8.3885 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 7.4 million shares representing 4.8344 and valued at over $4.4 billion, while STATE STREET CORP holds 4.4645 of the shares totaling 6.83 million with a market value of $4.06 billion.
Synopsys, Inc. (SNPS) Insider Activity
The most recent transaction is an insider sale by DE GEUS AART, the company’s EXECUTIVE CHAIR. SEC filings show that DE GEUS AART sold 493 shares of the company’s common stock on Jul 15 ’24 at a price of $620.60 per share for a total of $0.31 million. Following the sale, the insider now owns 0.11 million shares.
Synopsys, Inc. disclosed in a document filed with the SEC on Jul 10 ’24 that DE GEUS AART (EXECUTIVE CHAIR) sold a total of 8,648 shares of the company’s common stock. The trade occurred on Jul 10 ’24 and was made at $620.29 per share for $5.36 million. Following the transaction, the insider now directly holds 0.11 million shares of the SNPS stock.
Still, SEC filings show that on Jul 11 ’24, DE GEUS AART (EXECUTIVE CHAIR) disposed off 4,588 shares at an average price of $621.68 for $2.85 million. The insider now directly holds 106,983 shares of Synopsys, Inc. (SNPS).
