Synopsys, Inc (NASDAQ: SNPS) is 1.77% higher on its value in year-to-date trading and has touched a low of $457.52 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 $500.98 in the last trading session, with the day’s loss setting it -7.01%.
Currently trading at $493.97, the stock is -5.66% and -3.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -1.40% at the moment leaves the stock -7.97% off its SMA200. SNPS registered -10.66% loss for a year compared to 6-month loss of -11.51%.
The stock witnessed a -6.75% gain in the last 1 month and extending the period to 3 months gives it a -5.14%, and is -3.09% 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 3.51% over the week and 2.94% over the month.
Synopsys, Inc (SNPS) has around 20000 employees, a market worth around $76.38B and $6.26B in sales. Current P/E ratio is 34.01 and Fwd P/E is 28.67. Profit margin for the company is 36.14%. Distance from 52-week low is 7.97% and -21.51% from its 52-week high. The company has generated returns on investments over the last 12 months (23.63%).
with sales reaching $1.45B over the same period.The EPS is expected to grow by 13.03% this year, but quarterly earnings will post 10.64% year-over-year. Quarterly sales are estimated to shrink -11.92% in year-over-year returns.
The shares outstanding are 154.11M, and float is at 153.87M with Short Float at 2.28%.
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 4.8204 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 MAHONEY RICHARD S., the company’s Chief Revenue Officer. SEC filings show that MAHONEY RICHARD S. sold 20,838 shares of the company’s common stock on Jan 15 ’25 at a price of $506.01 per share for a total of $10.54 million. Following the sale, the insider now owns 1460.0 shares.
Still, SEC filings show that on Aug 23 ’24, Ghazi Sassine (PRESIDENT AND CEO) disposed off 10,293 shares at an average price of $553.89 for $5.7 million. The insider now directly holds 62,568 shares of Synopsys, Inc (SNPS).
