Synopsys, Inc. (NASDAQ: SNPS) is -0.15% lower on its value in year-to-date trading and has touched a low of $440.62 and a high of $629.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNPS stock was last observed hovering at around $495.95 in the last trading session, with the day’s gains setting it 18.17%.
Currently trading at $514.12, the stock is 2.49% and -3.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 3.66% at the moment leaves the stock -6.77% off its SMA200. SNPS registered 11.76% gain for a year compared to 6-month loss of -12.83%.
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The stock witnessed a -7.70% gain in the last 1 month and extending the period to 3 months gives it a -15.74%, and is 5.15% up 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 2.25% over the week and 3.22% over the month.
Synopsys, Inc. (SNPS) has around 20300 employees, a market worth around $78.97B and $6.23B in sales. Current P/E ratio is 53.36 and Fwd P/E is 34.36. Profit margin for the company is 24.05%. Distance from 52-week low is 16.68% and -18.31% from its 52-week high. The company has generated returns on investments over the last 12 months (18.07%).
The EPS is expected to grow by 17.38% this year
1893.0 institutions hold shares in Synopsys, Inc. (SNPS), with institutional investors hold 94.93% of the company’s shares. The shares outstanding are 153.61M, and float is at 152.83M with Short Float at 1.92%. Institutions hold 94.52% 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 Ghazi Sassine, the company’s PRESIDENT AND CEO. SEC filings show that Ghazi Sassine sold 10,293 shares of the company’s common stock on Aug 23 ’24 at a price of $553.89 per share for a total of $5.7 million. Following the sale, the insider now owns 62568.0 shares.
Still, SEC filings show that on Jul 15 ’24, DE GEUS AART (EXECUTIVE CHAIR) disposed off 493 shares at an average price of $620.60 for $0.31 million. The insider now directly holds 106,983 shares of Synopsys, Inc. (SNPS).
